Brookfield Infrastructure (NYSE: BIP)(TSX: BIP.UN) announced today that it has agreed to issue 16,628,000 L.P. units, on a bought deal basis, to a syndicate of underwriters co-led by RBC Capital Markets, TD Securities Inc., Citigroup, BofA Merrill Lynch and HSBC at a price of
Brookfield Infrastructure has granted the underwriters an over-allotment option, exercisable in whole or in part for a period of 30 days following closing of the Offering, to purchase up to an additional 2,494,200 L.P. units at the Offering Price. If the over-allotment option is exercised in full, the gross offering size would increase to
Brookfield Infrastructure intends to use the net proceeds of the Offering, together with the proceeds of the Concurrent Private Placement, to fund a growing backlog of committed organic growth capital expenditure projects, an active pipeline of new investment opportunities and for general working capital purposes.
The Offering and the Concurrent Private Placement are expected to close on or about September 15, 2017.
Brookfield Infrastructure notes that on September 8, 2017, Standard & Poor's announced that effective after the close of trading on September 15, 2017, Brookfield Infrastructure will be included in the S&P/TSX Composite Index.
Offer Documents
Brookfield Infrastructure has filed a Registration Statement on Form F-3 (including a prospectus) with the United States Securities and Exchange Commission (the "SEC") in respect of the Offering. Before you invest, you should read the prospectus in that Registration Statement and other documents Brookfield Infrastructure has filed with the SEC for more complete information about Brookfield Infrastructure and the Offering. Brookfield Infrastructure will also be filing a prospectus supplement relating to the Offering with securities regulatory authorities in
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Brookfield Infrastructure in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Brookfield Infrastructure Partners is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, energy and communications infrastructure sectors across
Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a global alternative asset manager with approximately
Note: This news release contains forward-looking statements and information within the meaning of applicable securities laws. The words, "will", "intend", "expect", "anticipate" or derivations 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 Concurrent Private Placement, the use of proceeds and closing of the Offering and Concurrent Private Placement and the inclusion of Brookfield Infrastructure in the S&P/TSX Composite Index. 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
Contacts: Media: Claire Holland Vice President, Communications (416) 369-8236 [email protected] Investors: Rene Lubianski Senior Vice President, Corporate Development (416) 956-5196 [email protected]
Source: Brookfield Infrastructure Partners L.P.
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