Brookfield Infrastructure completes C$250 million offering of subordinated notes

Torys acted as counsel to Brookfield Infrastructure with a team that included Karrin Powys-Lybbe, Jonathan Cescon, Michael Murphy, Christopher Tworzyanski and Andrea Das-Wieczorek (corporate/securities). 

On May 16, 2025, Brookfield Infrastructure Partners L.P. (“Brookfield Infrastructure”) closed its previously announced C$250 million public offering of 5.813% fixed rate subordinated notes due September 2055. The notes will bear interest at an annual rate of 5.598% until September 1, 2030, then reset every five years at the Government of Canada five-year yield plus 2.713%; provided that the rate will not reset below 5.598%.

The notes were issued by Brookfield Infrastructure Finance ULC, an indirect wholly-owned subsidiary of Brookfield Infrastructure, and guaranteed on a subordinated basis by Brookfield Infrastructure and certain of its other subsidiaries.

The offering was made through a syndicate of underwriters led by CIBC Capital Markets, Scotiabank, TD Securities, BMO Capital Markets, National Bank Financial Markets and RBC Capital Markets.

The net proceeds will be used for general corporate purposes, including debt repayment.

Further information can be found on GlobeNewswire’s website.

Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across the Americas, Asia Pacific and Europe. It is focused on assets that have contracted and regulated revenues that generate predictable and stable cash flows. Investors can access its portfolio either through Brookfield Infrastructure Partners L.P., a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation, a Canadian corporation.