Opérations et transactions|29 octobre 2010
Brookfield Renewable Power completes secondary offering of trust units
Torys acted as counsel to Brookfield Renewable Power Fund and BRPI with a team that included Karrin Powys-Lybbe, Rima Ramchandani, Jonathan Cescon and Luke Crosby (securities) and John Tobin and Richard Johnson (tax).
On October 29, 2010, Brookfield Renewable Power Inc. (BRPI) completed a bought-deal secondary offering of trust units of Brookfield Renewable Power Fund (TSX: BRC.UN) (the Fund). The trust units of the Fund were offered through a syndicate of underwriters led by CIBC World Markets Inc. and Scotia Capital Inc. through which BRPI, the selling unitholder, sold 8,000,000 of its trust units (including the 1,000,000 units pursuant to the over-allotment option that was exercised in full at closing) at an offering price of C$21.85 per unit for gross proceeds to the selling unitholder of C$174.8 million.
Brookfield Renewable Power Fund is a Canada-based income fund. The Fund owns power generating assets that produce electricity from hydroelectric and wind resources.
Brookfield Renewable Power Inc., wholly-owned by Brookfield Asset Management Inc., has more than 100 years of experience as an owner, operator and developer of hydroelectric power facilities.
Further information is found on BRPI's website.
Brookfield Renewable Power Fund is a Canada-based income fund. The Fund owns power generating assets that produce electricity from hydroelectric and wind resources.
Brookfield Renewable Power Inc., wholly-owned by Brookfield Asset Management Inc., has more than 100 years of experience as an owner, operator and developer of hydroelectric power facilities.
Further information is found on BRPI's website.