Brookfield Infrastructure Completes 30-Year Subordinated Note Offering
29 Novembro 2024 - 6:53PM
Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN)
(“Brookfield Infrastructure”) today announced the closing of a
public offering of $300 million of Fixed-to-Fixed Reset Rate
Subordinated Notes due March 15, 2055 (the “notes”).
The notes will bear interest at an annual rate
of 6.750% until March 15, 2030 and thereafter will be reset every
five years at an annual rate equal to the five-year U.S. treasury
rate, plus a spread of 2.453%; provided, that the interest rate
during any five-year interest period will not reset below 6.750%.
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, an indirect wholly-owned subsidiary of
Brookfield Infrastructure, and are guaranteed on a subordinated
basis by Brookfield Infrastructure and certain of its other
subsidiaries.
BofA Securities, Inc., Mizuho Securities USA
LLC, RBC Capital Markets, LLC, Santander US Capital Markets LLC,
BMO Capital Markets Corp., MUFG Securities Americas Inc., Scotia
Capital (USA) Inc. and SMBC Nikko Securities America, Inc. 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.
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 $1 trillion 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 |
|
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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 notes 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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