Brookfield Infrastructure completes C$200 million preferred unit issue
On January 23, 2018, Brookfield Infrastructure completed its previously announced issue of 8,000,000 cumulative Class A preferred limited partnership units, Series 9 at a price of C$25.00 per unit, for total gross proceeds of C$200,000,000.
Brookfield Infrastructure intends to use the net proceeds to fund a growing backlog of committed organic growth capital expenditure projects and an active pipeline of new investment opportunities, and for general working capital purposes.
Brookfield Infrastructure is a leading global infrastructure company that owns and operates high quality, long-life assets in the utilities, transport, energy and communications infrastructure sectors across North and South America, Asia Pacific and Europe. They are focused on assets that generate stable cash flows and require minimal maintenance capital expenditures.
Further information can be found on Globe Newswire's website.