Brookfield Renewable completes C$250 million of preferred limited partnership units
On February 14, 2017, Brookfield Renewable Partners L.P. ("Brookfield Renewable") completed its previously announced issue of cumulative minimum rate reset Class A preferred limited partnership units, Series 11. The offering was underwritten by a syndicate led by TD Securities Inc., CIBC Capital Markets, RBC Capital Markets and Scotiabank. Brookfield Renewable issued 10,000,000 Series 11 preferred units at a price of C$25.00 per unit, for total gross proceeds of C$250 million.
Brookfield Renewable operates one of the world's largest publicly traded, pure-play renewable power platforms. Its portfolio consists of hydroelectric and wind facilities in North America, Latin America and Europe and totals more than 10,000 megawatts of installed capacity. Brookfield Renewable is listed on the New York and Toronto stock exchanges. Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with US$240 billion of assets under management.
Further information can be found on Brookfield Renewable's website.