Brookfield Infrastructure Completes C$100 Million Preferred Share Issuance

Torys acted as counsel to Brookfield Infrastructure with a team that included Karrin Powys-Lybbe, Jonathan Cescon and Brett Saulnier (corporate/securities) and Corrado Cardarelli and Andrew Wong (taxes).

On February 5, 2019, Brookfield Infrastructure completed its previously announced issuance of 4,000,000 senior preferred shares, Series 1 at a price of C$25.00 per share, for total gross proceeds of C$100,000,000. The Series 1 shares were issued by BIP Investment Corporation, a wholly-owned subsidiary of Brookfield Infrastructure, and are fully and unconditionally guaranteed by Brookfield Infrastructure and certain of its key holding subsidiaries.

The net proceeds of the issuance will be used to fund new investments and/or 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 data 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.