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.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.