Brookfield Renewable to Redeem CDN$400 Million of 4.79% Series 8 Notes
August 13 2020 - 10:59AM
Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP)
(“Brookfield Renewable”) today announced that its subsidiary
Brookfield Renewable Partners ULC (“Finco”) has exercised its right
to redeem its CDN$400,000,000, 4.79%, Series 8 Notes, due February
7, 2022. The redemption will occur on September 14, 2020.
The specific redemption price will be made
available through a press release to be issued by Brookfield
Renewable on September 11, 2020. The redemption price for the
Series 8 Notes will be determined in accordance with the provisions
of the amended and restated trust indenture dated November 23,
2011, the seventh supplemental indenture dated February 7, 2012 and
pricing supplement no. 1 dated January 31, 2012 to Finco’s short
form base shelf prospectus dated January 23, 2012, as supplemented
by a prospectus supplement dated January 31, 2012. The redemption
amount paid will also include accrued and unpaid interest on the
Series 8 Notes up to, but excluding, the date of redemption.
Notice of redemption will be delivered today to
CDS Clearing and Depository Services Inc. (“CDS”) and the trustee,
BNY Trust Company of Canada. Non-registered holders (banks,
brokerage firms or other financial institutions) who maintain their
interests in the Notes through CDS should contact their CDS
customer service representative with any questions about the
redemption. Alternatively, beneficial holders with any questions
about the redemption should contact their representative brokerage
firm or financial institution, which holds interests in the Notes
on their behalf.
Brookfield Renewable
Brookfield Renewable operates
one of the world’s largest publicly traded, pure-play renewable
power platforms. Our portfolio consists of hydroelectric, wind,
solar and storage facilities in North America, South America,
Europe and Asia, and totals over 19,000 megawatts of installed
capacity and an 18,000 megawatt development pipeline. Investors can
access its portfolio either through Brookfield Renewable Partners
L.P. (NYSE: BEP; TSX: BEP.UN), a Bermuda-based limited partnership,
or Brookfield Renewable Corporation (NYSE, TSX: BEPC), a Canadian
corporation. Further information is available at
www.bep.brookfield.com and www.bep.brookfield.com/bepc. Important
information may be disseminated exclusively via the website;
investors should consult the site to access this information.
Brookfield Renewable is the flagship listed
renewable power company of Brookfield Asset Management, a leading
global alternative asset manager with over $525 billion of assets
under management.
Contact information:
Media:
Claire
Holland
Senior Vice President –
Communications
(416)
369-8236
claire.holland@brookfield.com
Investors:Cara SilvermanManager -
Investor Relations(416)
649-8172cara.silverman@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. Forward-looking statements may include estimates,
plans, expectations, opinions, forecasts, projections, guidance or
other statements that are not statements of fact. Forward-looking
statements can be identified by the use of words such as “will”,
“expect” and “intend”, or variations of such words and phrases.
Forward-looking statements in this news release include statements
regarding the expected consummation of the redemption on the
redemption date. Although Brookfield Renewable believes that such
forward-looking statements and information are based upon
reasonable assumptions and expectations, no assurance is given that
such expectations will prove to have been correct. The reader
should not place undue reliance on forward-looking statements and
information as such statements and information involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of Brookfield Renewable
to differ materially from anticipated future results, performance
or achievement expressed or implied by such forward-looking
statements and information. Except as required by law, Brookfield
Renewable does not undertake any obligation to publicly update or
revise any forward-looking statements or information, whether
written or oral, whether as a result of new information, future
events or otherwise.
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