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  • Brookfield Infrastructure Partners (BIP.UN) announced the closing of a public offering of US$250 million of fixed-rate subordinated notes
  • The notes have a coupon of 5.00 per cent
  • BofA Securities, Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC acted as joint book-runners
  • The securities were not offered or sold in Canada
  • Brookfield Infrastructure, the infrastructure company of Brookfield Asset Management, owns and operates assets in the utilities, transport, midstream and data sectors
  • Brookfield Infrastructure Partners (BIP.UN) opened trading at C$64.85 per share

Brookfield Infrastructure Partners (BIP.UN) announced the closing of a public offering of US$250 million of fixed-rate subordinated notes due May 24, 2081.

The notes, which have a coupon of 5.00 per cent, will be listed on the New York Stock Exchange under the symbol “BIPH”.

Brookfield Infrastructure intends to use the net proceeds of the offering for the redemption of its Class A Preferred Units, Series 5, which are redeemable by Brookfield Infrastructure on September 30, 2021, with the remainder to be used for general corporate purposes.

The notes, issued by Brookfield Infrastructure Finance ULC, are guaranteed on a subordinated basis by Brookfield Infrastructure and certain of its other subsidiaries.

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

The securities were not offered or sold in Canada.

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 North and South America, Asia Pacific and Europe. 

Brookfield Infrastructure is the infrastructure company of Brookfield Asset Management, a global alternative asset manager with over $600 billion of assets under management.

Brookfield Infrastructure Partners (BIP.UN) opened trading at C$64.85 per share.

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