Brookfield Infrastructure issues C$500 million of medium term notes
On August 27, 2020, Brookfield Infrastructure announced that it agreed to sell C$500 million aggregate principal amount of medium term notes, Series 8, due September 1, 2032, bearing interest at a rate of 2.855% per annum, payable semi-annually. A subsidiary of Brookfield Infrastructure, 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 notes will be fully and unconditionally guaranteed by Brookfield Infrastructure and certain of its key holding subsidiaries.
Brookfield Infrastructure intends to use the net proceeds from the sale of the notes to redeem its 3.452% medium term notes due March 11, 2022 and for general working capital purposes.
The notes were offered through a syndicate of agents led by RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., HSBC Securities (Canada) Inc., National Bank Financial Inc. and TD Securities Inc.
Further information can be found on Globe Newswire's website.
Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, energy and data infrastructure sectors across North and South America, Asia Pacific and Europe.