Brookfield Infrastructure Issues $200 Million Green Preferred Units
January 21 2021 - 4:21PM
Brookfield Infrastructure Partners L.P. (
TSX: BIP.UN; NYSE:
BIP) (“Brookfield Infrastructure”) today closed the public
issuance of 8,000,000 Class A Preferred Limited Partnership Units,
Series 14 (the “Series 14 Preferred Units”) for gross proceeds of
$200 million.
Holders of the Series 14 Preferred Units will be
entitled to receive a cumulative quarterly fixed distribution of
5.00% per annum. The Series 14 Preferred Units have been approved
for listing on the New York Stock Exchange under the symbol “BIP PR
B”.
Brookfield Infrastructure intends to use the net
proceeds of the offering to finance and/or refinance recently
completed and future Eligible Green Projects, including the
development and redevelopment of such projects. Pending the
allocation of an amount equal to the net proceeds of the offering,
the unallocated portion will be used to repay amounts drawn under
Brookfield Infrastructure’s unsecured revolving credit
facility.
Morgan Stanley & Co. LLC, BofA Securities,
Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC and
Wells Fargo Securities, LLC acted as joint bookrunning managers for
the public offering. MUFG Securities Americas Inc. and TD
Securities (USA) LLC acted as co-managers for the public
offering.
This news release shall not constitute an offer
to sell or the solicitation of an offer to buy the securities in
any jurisdiction, nor shall there be any offer or sale of the
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful.
Brookfield Infrastructure
Partners
Brookfield Infrastructure Partners is a leading
global infrastructure company that owns and operates high-quality,
long-life assets in the utilities, transport, energy and data
infrastructure sectors across North and South America, Asia Pacific
and Europe. We are focused on assets that generate stable cash
flows and require minimal maintenance capital expenditures.
Investors can access its portfolio either through Brookfield
Infrastructure L.P. (NYSE: BIP, TSX: BIP.UN), a Bermuda-based
limited partnership, or Brookfield Infrastructure Corporation
(NYSE, TSX: BIPC), a Canadian corporation. Further information is
available at www.brookfield.com/infrastructure.
Brookfield Infrastructure is the flagship listed
infrastructure company of Brookfield Asset Management, a global
alternative asset manager with approximately $575 billion of assets
under management. For more information, go to
www.brookfield.com.
Contact information: |
|
Media: |
Investors: |
Claire Holland |
Kate White |
Senior Vice President, Communications |
Manager, Investor Relations |
(416) 369-8236 |
(416) 956-5183 |
claire.holland@brookfield.com |
kate.white@brookfield.com |
Cautionary Statement Regarding
Forward-looking Statements
Note: This news release contains forward-looking
statements and information within the meaning of applicable
securities laws. The words "will", "intend" and "expect" or
derivations thereof and other expressions which are predictions of
or indicate future events, trends or prospects, and which do not
relate to historical matters, identify forward-looking statements.
Forward-looking statements in this news release include statements
regarding the offering and the use of proceeds therefrom. Although
Brookfield Infrastructure believes that these forward-looking
statements and information are based upon reasonable assumptions
and expectations, the reader should not place undue reliance on
them, or any other forward-looking statements or information in
this news release. The future performance and prospects of
Brookfield Infrastructure are subject to a number of known and
unknown risks and uncertainties. Factors that could cause actual
results of Brookfield Infrastructure to differ materially from
those contemplated or implied by the statements in this news
release are described in the documents filed by Brookfield
Infrastructure with the securities regulators in Canada and the
United States including under "Risk Factors" in Brookfield
Infrastructure's most recent Annual Report on Form 20-F and other
risks and factors that are described therein and in, or
incorporated by reference in, the Registration Statement and
prospectus supplement thereto. Except as required by law,
Brookfield Infrastructure undertakes no obligation to publicly
update or revise any forward-looking statements or information,
whether as a result of new information, future events or
otherwise.
Brookfield Infrastructur... (NYSE:BIP)
Historical Stock Chart
From May 2024 to Jun 2024
Brookfield Infrastructur... (NYSE:BIP)
Historical Stock Chart
From Jun 2023 to Jun 2024