Brookfield Renewable to Redeem CDN$450 Million of 5.14% Series 7 Notes
September 13 2019 - 9:15AM
Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP)
(“Brookfield Renewable”) today announced that its subsidiary
Brookfield Renewable Partners ULC has exercised its right to redeem
its CDN$450,000,000, 5.14%, Series 7 Notes, due October 13, 2020.
The redemption will occur on October 15, 2019.
The specific redemption price will be made
available through a press release to be issued by Brookfield
Renewable on October 11, 2019. The redemption price for the Series
7 Notes will be determined in accordance with the provisions of the
amended and restated trust indenture dated November 23, 2011, the
fifth supplemental indenture dated October 13, 2010 and pricing
supplement no. 1 dated October 7, 2010 to Brookfield Renewable
Power Inc.’s short form base shelf prospectus dated September 9,
2010, as supplemented by a prospectus supplement dated October 6,
2010. The redemption amount paid will also include accrued and
unpaid interest on the Series 7 Notes up to, but not including, 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
Partners
Brookfield Renewable Partners 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 17,000 megawatts of installed capacity and an
8,000 megawatt development pipeline. Brookfield Renewable is listed
on the New York and Toronto stock exchanges. Further information is
available at https://bep.brookfield.com. Further information is
available via the website and investors are encouraged to consult
the website.
Brookfield Renewable is the flagship listed
renewable power company of Brookfield Asset Management, a leading
global alternative asset manager with over $385 billion of assets
under management.
Contact information:
Media: |
|
Investors: |
Claire Holland |
|
Divya Biyani |
Vice President – Communications |
|
Director – Investor Relations |
(416) 369-8236 |
|
(416) 369-2616 |
claire.holland@brookfield.com |
|
divya.biyani@brookfield.com |
Cautionary Statement Regarding Forward-looking
Statements
Note: This news release contains forward-looking
statements and information within the meaning of Canadian
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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