Brookfield Renewable Announces Medium-Term Note Redemption Price Information
September 11 2020 - 6:50AM
Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP)
(“Brookfield Renewable”) today announced the following redemption
price of the Medium-Term Notes described below (the “Notes”) (per
C$1,000 of principal amount) which are to be redeemed by its
subsidiary Brookfield Renewable Partners ULC on September 14, 2020:
CDN$400,000,000, 4.79%, Series 8 Notes, due February 7,
2022 (CUSIP No. 05572ZAA7)
Redemption Price: C$1,053.44
Accrued and unpaid interest:
C$4.99 Total Redemption Price
and accrued and unpaid interest: C$1,058.43
All of the Notes are to be redeemed. The
redemption is more fully described in the Company’s news release of
August 13, 2020. Additional terms and conditions are contained in
the notice of redemption that was provided to the registered holder
of the Notes (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 approximately $550 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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