20:44:14 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Brookfield Infrastructure Partners LP
Symbol BIP
Shares Issued 305,265,498
Close 2022-01-20 C$ 75.55
Market Cap C$ 23,062,808,374
Recent Sedar Documents

Brookfield Infrastructure closes $300M (U.S.) offering

2022-01-21 16:11 ET - News Release

Also News Release (C-BIPC) Brookfield Infrastructure Corp

Mr. Sebastien Bouchard reports

BROOKFIELD INFRASTRUCTURE COMPLETES OFFERING OF $300 MILLION OF PERPETUAL SUBORDINATED NOTES

Brookfield Infrastructure Partners LP has closed a public offering of $300-million (U.S.) of fixed rate perpetual subordinated notes. All amounts in U.S. dollars.

The notes have a fixed coupon of 5.125 per cent and will be listed on the New York Stock Exchange under the symbol BIPI. Brookfield Infrastructure intends to use the net proceeds of the offering for the redemption of its Class A preferred units, Series 7, which are redeemable by Brookfield Infrastructure on March 31, 2022, with the remainder to be used for working capital purposes.

The notes were issued by BIP Bermuda Holdings I Ltd., an indirect wholly owned subsidiary of Brookfield Infrastructure, and are guaranteed on a subordinated basis by Brookfield Infrastructure and certain of its other subsidiaries.

Wells Fargo Securities LLC, BofA Securities Inc., Morgan Stanley & Co. LLC, RBC Capital Markets LLC and Citigroup Global Markets Inc. acted as joint book-running managers for the offering.

Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, mid-stream and data sectors across North and South America, Asia Pacific, and Europe. The company is 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 LP, a Bermuda-based limited partnership, or Brookfield Infrastructure Corp., a Canadian corporation.

Brookfield Infrastructure Partners is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with approximately $650-billion of assets under management.

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