Brookfield Renewable completes C$250 million of preferred limited partnership units

Torys acted as counsel to Brookfield Renewable with a team that included Karrin Powys-Lybbe, Josh Lavine, David Forrester, Michael Murphy and Hailey Tweyman (corporate/securities).

On January 16, 2018, Brookfield Renewable Partners L.P. ("Brookfield Renewable") completed its previously announced issuance of 10,000,000 Series 13 cumulative minimum rate reset Class A preferred limited partnership units at a price of C$25.00 per unit, for total gross proceeds of C$250 million. The offering, issued on a bought deal basis, was underwritten by a syndicate led by TD Securities Inc., BMO Capital Markets, CIBC Capital Markets, RBC Capital Markets and Scotiabank.

Brookfield Renewable intends to use the net proceeds of the offering to repay indebtedness.

Brookfield Renewable operates one of the world's largest publicly traded, pure-play renewable power platforms, with a portfolio consisting of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia and totaling more than 16,000 megawatts of installed capacity.

Further information can be found on Globe Newswire's website.