trending Market Intelligence /marketintelligence/en/news-insights/trending/nu_fakt8htmcaevivel8ea2 content esgSubNav
In This List

Brookfield Infrastructure to issue C$500M of notes


See the Big Picture: Energy Transition in 2024


IR in Focus | Episode 10: Capital Markets Outlook


Infographic: The Big Picture 2024 – Energy Transition Outlook


The Big Picture: 2024 Energy Transition Industry Outlook

Brookfield Infrastructure to issue C$500M of notes

Brookfield Infrastructure Partners LP agreed to sell C$500 million of 4.193% series 6 medium-term notes due Sept. 11, 2028. Interest on the notes is payable semiannually. The notes have been rated BBB+ by S&P Global Ratings.

The partnership plans to use net proceeds to refinance indebtedness, fund an active pipeline of new investment opportunities and a growing backlog of capital expenditure projects, and for general working capital purposes. Its subsidiary Brookfield Infrastructure Finance ULC will be the recipient of the net proceeds and have primary responsibility for the payment of principal and interest on the notes.

The offering is expected to close by Sept. 10, subject to customary closing conditions. The notes are being offered through a syndicate of agents led by RBC Dominion Securities Inc., CIBC World Markets Inc., Scotia Capital Inc. and TD Securities Inc.

Brookfield Infrastructure Partners is the flagship listed infrastructure company of Brookfield Asset Management Inc.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.