Transaction|February 7, 2012
Brookfield Renewable completes C$400 million medium-term notes offering
Torys acted as counsel to Brookfield Renewable Energy Partners L.P. and certain related entities with a team that included Rima Ramchandani, Michael Zackheim, Mohammed Muraj and Matthew Murphy (corporate/securities), Rose Bailey (lending) and Richard Johnson (tax).
On February 7, 2012, Brookfield Renewable Energy Partners L.P. (BREP), through its subsidiary BRP Finance ULC (BRP Finance), completed an offering of C$400 million aggregate principal amount of 4.79% medium-term notes, Series 8, due February 7, 2022 (the Notes), for total gross proceeds of approximately C$399.968 million. The Notes are fully and unconditionally guaranteed by BREP and certain of its key holding subsidiaries.
The offering was completed pursuant to BRP Finance's medium-term note program. The Notes were issued under a pricing supplement dated January 31, 2012, to BRP Finance's short form base shelf prospectus dated January 23, 2012, as supplemented by a prospectus supplement dated January 31, 2012.
The offering of the Notes was co-led by CIBC World Markets Inc. and RBC Dominion Securities Inc. and also included Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc. and HSBC Securities (Canada) Inc.
The net proceeds of the offering will be used to refinance existing indebtedness and for general corporate purposes.
Further information is found on Marketwire's website.
The offering was completed pursuant to BRP Finance's medium-term note program. The Notes were issued under a pricing supplement dated January 31, 2012, to BRP Finance's short form base shelf prospectus dated January 23, 2012, as supplemented by a prospectus supplement dated January 31, 2012.
The offering of the Notes was co-led by CIBC World Markets Inc. and RBC Dominion Securities Inc. and also included Scotia Capital Inc., TD Securities Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc. and HSBC Securities (Canada) Inc.
The net proceeds of the offering will be used to refinance existing indebtedness and for general corporate purposes.
Further information is found on Marketwire's website.