Brookfield Renewable completes C$200 million bought deal offering of preferred units
On June 9, 2026, Brookfield Renewable Partners L.P. (“Brookfield Renewable”) completed its previously announced bought deal public offering of 8,000,000 5.75% cumulative minimum rate reset Class A preferred limited partnership units, Series 19. The issuance included 2,000,000 preferred units issued pursuant to the exercise, in full, of the underwriters’ option granted by Brookfield Renewable to the underwriters in the offering.
The preferred units were offered by a syndicate of underwriters led by Scotiabank, BMO Capital Markets, CIBC Capital Markets, National Bank of Canada Capital Markets, RBC Capital Markets and TD Securities Inc. The preferred units were issued at a price of C$25.00 per unit, for gross proceeds of C$200,000,000.
Net proceeds from this offering will be used by Brookfield Renewable to fund Eligible Investments (as defined in Brookfield Renewable’s 2024 Green Financing Framework), including to repay indebtedness incurred in respect thereof.
Further information can be found on Brookfield Renewable’s website.
Brookfield Renewable operates one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Its renewable power portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities and sustainable solutions assets include investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity. It is the flagship listed renewable power and transition company of Brookfield Asset Management, a leading global alternative asset manager headquartered in New York, with over US$1 trillion of assets under management.