Transaction|January 29, 2013
Brookfield Renewable completes C$175 million offering of preferred shares
Torys acted as counsel to Brookfield Renewable with a team that included Rima Ramchandani, Jonathan Cescon and Steven Slavens (corporate/securities) and Catrina Card (tax).
On January 29, 2013, Brookfield Renewable Energy Partners (Brookfield Renewable) announced the completion of its previously announced 5% perpetual Class A Preferred Shares, Series 5 (Preferred Shares) issue in the amount of C$175 million. Brookfield Renewable issued, through a wholly-owned subsidiary, 7,000,000 Preferred Shares at a price of C$25.00 per share, for total gross proceeds of C$175 million.
The offering was underwritten by a syndicate led by RBC Capital Markets, CIBC, Scotiabank, and TD Securities Inc.
The Series 5 Preferred Shares commenced trading on the Toronto Stock Exchange on January 29, 2013 under the ticker symbol BRF.PR.E.
Brookfield Renewable Energy Partners operates one of the largest publicly-traded, pure-play renewable power platforms globally.
Further information can be found on Marketwire's website.
The offering was underwritten by a syndicate led by RBC Capital Markets, CIBC, Scotiabank, and TD Securities Inc.
The Series 5 Preferred Shares commenced trading on the Toronto Stock Exchange on January 29, 2013 under the ticker symbol BRF.PR.E.
Brookfield Renewable Energy Partners operates one of the largest publicly-traded, pure-play renewable power platforms globally.
Further information can be found on Marketwire's website.