15:57:37 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Brookfield Asset Management Inc
Symbol BAM
Shares Issued 631,226,551
Close 2015-04-06 C$ 68.98
Market Cap C$ 43,542,007,488
Recent Sedar Documents

Brookfield Infra arranges $750.49M (U.S.) in financings

2015-04-07 16:53 ET - News Release

See News Release (C-BIP) Brookfield Infrastructure Partners LP

Ms. Tracey Wise reports

BROOKFIELD INFRASTRUCTURE ANNOUNCES $750.5 MILLION EQUITY OFFERING

Brookfield Infrastructure Partners LP has agreed to issue 8.9 million LP units, on a bought-deal basis, to a syndicate of underwriters, co-led by RBC Capital Markets, Credit Suisse, HSBC and Toronto-Dominion, at a price of $45 per LP unit for gross proceeds of $400.5-million. (All amounts are in U.S. dollars.) In addition, Brookfield Asset Management Inc. and certain of its related entities (other than Brookfield Infrastructure) will purchase, directly or indirectly, 8,101,850 redeemable partnership units of Brookfield Infrastructure's holding limited partnership (RPUs) at the offering price (net of underwriting commissions) concurrent with the offering. The total gross proceeds of the offering and the placement of RPUs to Brookfield will be $750,499,920.

Brookfield Infrastructure has granted the underwriters an overallotment option, exercisable in whole or in part, for a period of 30 days following closing of the offering, to purchase up to an additional 1,335,000 LP units at the offering price. If this option is exercised in full, the gross offering size would increase to $810,574,920.

Brookfield Infrastructure intends to use the net proceeds of the offering and the issuance of RPUs to Brookfield for investment opportunities, working capital and other general corporate purposes. Prior to being deployed for such purposes, a portion of the net proceeds will initially be used to repay amounts outstanding under Brookfield Infrastructure's revolving credit facilities. The offering and issuance of RPUs to Brookfield are expected to close on or about April 13, 2015.

Offer documents

Brookfield Infrastructure has filed a registration statement on Form F-3 (including a prospectus) with the U.S. Securities and Exchange Commission in respect of the offering. Before you invest, you should read the prospectus in that registration statement and other documents Brookfield Infrastructure has filed with the SEC for more complete information about Brookfield Infrastructure and the offering. Brookfield Infrastructure will also be filing a prospectus supplement relating to the offering with securities regulatory authorities in Canada. You may get any of these documents for free by visiting EDGAR on the SEC's website or via SEDAR. Also, Brookfield Infrastructure, any underwriter or any dealer participating in the offering will arrange to send you the prospectus, or you may request it in the United States from Credit Suisse Securities (USA) LLC, Attention: Prospectus department, One Madison Ave., New York, N.Y., 10010, toll-free 1-800-211-1037, by e-mail, or from RBC Capital Markets LLC, Attention: Prospectus department, Three World Financial Center, 200 Vesey St., eighth floor, New York, N.Y., toll-free 877-822-4089, by e-mail, or from TD Securities (USA) LLC, 31 W 52nd St., New York, N.Y., 10019, 212-827-7392, or from HSBC Securities (USA) Inc., Attention: Prospectus department, 452 Fifth Ave., New York, N.Y., 10018, toll-free 877-429-7459, by e-mail, or in Canada from RBC Dominion Securities Inc., Attention: Distribution centre, 277 Front St. W, fifth floor, Toronto, Ont., M5V 2X4, fax 416-313-6066, by e-mail, or from Credit Suisse Securities (Canada) Inc., One First Canadian Pl., Suite 2900, Toronto, Ont., M5X 1C9, telephone 416-352-4500, by e-mail, or from TD Securities Inc., Attention: Symcor NPM, 1625 Tech Ave., Mississauga, Ont., L4W 5P5, telephone 289-360-2302 or by e-mail.

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