Brookfield Renewable Completes $325 Million Equity Offering
10 June 2014 - 11:10PM
Marketwired
Brookfield Renewable Completes $325 Million Equity Offering
HAMILTON, BERMUDA--(Marketwired - Jun 10, 2014) -
All amounts in Canadian dollars.
Brookfield Renewable Energy Partners L.P. (TSX:BEP.UN)
(NYSE:BEP) ("Brookfield Renewable") today announced the completion
of the previously announced bought-deal offering through which it
sold 10,250,000 limited partnership units ("L.P. units") to a
syndicate of underwriters at a price of $31.70 per L.P. unit for
gross proceeds of approximately $325 million.
Brookfield Asset Management now owns approximately 62% of
Brookfield Renewable on a fully-exchanged basis.
This news release shall not
constitute an offer of securities for sale in the United States.
The L.P. units offered will not be and have not been registered
under the United States Securities Act of 1933, as amended, and may
not be offered or sold into the United States absent registration
or an exemption from registration. There shall not be any public
offering of the L.P. units in the United States.
Brookfield Renewable Energy Partners (TSX:BEP.UN) (NYSE:BEP)
operates one of the largest publicly-traded, pure-play renewable
power platforms globally. Its portfolio is primarily hydroelectric
and totals approximately 6,000 megawatts of installed capacity.
Diversified across 71 river systems and 12 power markets in the
United States, Canada and Brazil, the portfolio's output is sold
predominantly under long-term contracts and generates enough
electricity from renewable resources to power more than three
million homes on average each year. With a portfolio of
high-quality assets and strong growth prospects, the business is
positioned to generate stable, long-term cash flows supporting
regular and growing cash distributions to shareholders. For more
information, please visit www.brookfieldrenewable.com.
Brookfield Renewable Energy Partners L.P.Zev KormanVice
President, Investor and Media
Relations416-359-1955zev.korman@brookfield.comwww.brookfieldrenewable.com
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