Brookfield Infrastructure Completes Offering of $250 Million of 60-Year Subordinated Notes
May 24 2021 - 4:03PM
Brookfield Infrastructure Partners L.P. (TSX: BIP.UN; NYSE: BIP)
(“Brookfield Infrastructure”) today announced the closing of a
public offering of $250 million of fixed rate subordinated notes
due May 24, 2081 (the “notes”).
The notes, which have a coupon of 5.00%, will be
listed on the New York Stock Exchange under the symbol “BIPH”.
Brookfield Infrastructure intends to use the net proceeds of the
offering for the redemption of its Class A Preferred Units, Series
5, which are redeemable by Brookfield Infrastructure on September
30, 2021, with the remainder to be used for general corporate
purposes.
The notes were issued by Brookfield
Infrastructure Finance ULC, an indirect wholly-owned subsidiary of
Brookfield Infrastructure, and are guaranteed on a subordinated
basis by Brookfield Infrastructure and certain of its other
subsidiaries.
BofA Securities, Inc., Citigroup Global Markets
Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and
Wells Fargo Securities, LLC acted as joint book-running managers
for the offering.
This news release does not constitute an offer
to sell or the solicitation of an offer to buy the securities
described herein, nor shall there be any sale of these securities
in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of such jurisdiction.
The securities were not offered or sold,
directly or indirectly, in Canada or to any resident of Canada.
Brookfield Infrastructure is a
leading global infrastructure company that owns and operates
high-quality, long-life assets in the utilities, transport,
midstream and data sectors across North and South America, Asia
Pacific and Europe. We are focused on assets that have contracted
and regulated revenues that generate predictable and stable cash
flows. Investors can access its portfolio either through Brookfield
Infrastructure Partners 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 over $600 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 may contain
forward-looking statements and information within the meaning of
applicable securities laws. The words “will” and “intends”,
derivatives 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, including
the redemption of Brookfield Infrastructure’s Class A Preferred
Units, Series 5. 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. 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.
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