Brookfield Infrastructure Completes 60-Year Subordinated Note Offering
01 June 2024 - 6:27AM
Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN)
(“Brookfield Infrastructure”) today announced the closing of a
public offering of $150 million of fixed rate subordinated notes
due May 31, 2084 (the “notes”). The issuer of the notes has granted
the underwriters an over-allotment option, exercisable in whole or
in part for a period of 30 days from the date of the pricing of the
offering, to purchase up to an additional $22,500,000 principal
amount of notes.
The notes, which have a coupon of 7.25%, will be
listed on the New York Stock Exchange under the symbol “BIPJ”.
Brookfield Infrastructure intends to use the net proceeds of the
offering to refinance existing indebtedness and for general
corporate purposes.
The notes were issued by Brookfield
Infrastructure Finance ULC (the “issuer”), 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., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, RBC
Capital Markets, LLC and UBS Securities LLC acted as joint
book-running managers for the offering.
This news release does not constitute an offer
to sell or the solicitation of an offer to buy the securities
described herein, nor shall there be any sale of these securities
in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of such jurisdiction.
The securities were not offered or sold,
directly or indirectly, in Canada or to any resident of Canada.
About Brookfield
Infrastructure
Brookfield Infrastructure is a leading global
infrastructure company that owns and operates high-quality,
long-life assets in the utilities, transport, midstream and data
sectors across the Americas, Asia Pacific and Europe. We are
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
L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership,
or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a
Canadian corporation.
Brookfield Infrastructure is the flagship listed
infrastructure company of Brookfield Asset Management, a global
alternative asset manager with over $925 billion of assets under
management.
Contact Information
Media: |
Investor Relations: |
Simon MaineManaging Director,Corporate CommunicationsTel: +44 739
890 9278Email: simon.maine@brookfield.com |
Stephen FukudaSenior Vice President,Corporate Development &
Investor RelationsTel: +1 (416) 956-5129Email:
stephen.fukuda@brookfield.com |
Cautionary Statement Regarding
Forward-looking Statements
This news release may contain forward-looking
statements and information within the meaning of applicable
securities laws. The words “will” and “intends”, derivatives
thereof and other expressions which are predictions of or indicate
future events, trends or prospects and which do not relate to
historical matters, identify forward-looking statements.
Forward-looking statements in this news release include statements
regarding the offering and the use of proceeds therefrom. Although
Brookfield Infrastructure believes that these forward-looking
statements and information are based upon reasonable assumptions
and expectations, the reader should not place undue reliance on
them, or any other forward-looking statements or information in
this news release. The future performance and prospects of
Brookfield Infrastructure are subject to a number of known and
unknown risks and uncertainties. Factors that could cause actual
results of Brookfield Infrastructure to differ materially from
those contemplated or implied by the statements in this news
release are described in the documents filed by Brookfield
Infrastructure with the securities regulators in Canada and the
United States including under “Risk Factors” in Brookfield
Infrastructure’s most recent Annual Report on Form 20-F and other
risks and factors that are described therein. Except as required by
law, Brookfield Infrastructure undertakes no obligation to publicly
update or revise any forward-looking statements or information,
whether as a result of new information, future events or
otherwise.
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