Brookfield Renewable Issues $260 Million Green Perpetual Subordinated Notes
December 09 2021 - 4:00PM
Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) and
Brookfield Renewable Corporation (together with Brookfield
Renewable Partners L.P., “Brookfield Renewable”) (NYSE, TSX: BEPC)
today announced the closing of the issuance of a series of $260
million of fixed rate green perpetual subordinated notes (the
“notes”). The notes, which have a coupon of 4.875%, will be listed
on the New York Stock Exchange under the symbol “BEPI” and have the
same accounting and rating treatment as our preferred LP units.
Wells Fargo Securities, LLC, BofA Securities,
Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and
RBC Capital Markets, 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 notes described
herein, nor shall there be any sale of these notes 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 notes were not offered or sold, directly or
indirectly, in Canada or to any resident of Canada.
Brookfield Renewable
Brookfield Renewable operates one of the world’s
largest publicly traded, pure-play renewable power platforms. Our
portfolio consists of hydroelectric, wind, solar and storage
facilities in North America, South America, Europe and Asia, and
totals approximately 21,000 megawatts of installed capacity and an
approximately 36,000-megawatt development pipeline. Investors can
access our portfolio either through Brookfield Renewable Partners
L.P. (NYSE: BEP; TSX: BEP.UN), a Bermuda-based limited partnership,
or Brookfield Renewable Corporation (NYSE, TSX: BEPC), a Canadian
corporation. Further information is available at
www.bep.brookfield.com and www.bep.brookfield.com/bepc. Important
information may be disseminated exclusively via the website;
investors should consult the site to access this information.
Brookfield Renewable is the flagship listed
renewable power company of Brookfield Asset Management, a leading
global alternative asset manager with approximately $650 billion of
assets under management.
Contact information: |
|
Media: |
Investors: |
Kerrie McHugh |
Robin Kooyman |
Senior Vice President – Corporate
Communications |
Senior Vice President – Investor Relations |
(212) 618-3469 |
(416) 649-8172 |
kerrie.mchugh@brookfield.com |
robin.kooyman@brookfield.com |
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