Transaction|October 10, 2012
Brookfield Infrastructure completes C$400 million offering of medium term notes
Torys acted as counsel to Brookfield Infrastructure with a team that included Karrin Powys-Lybbe, Tom Zverina, Jonathan Cescon, Milosz Zemanek and Yinka Olusoga.
On October 10, 2012, Brookfield Infrastructure completed its offering of C$400 million of medium term notes with an October 2017 maturity and a yield of 3.455%. The notes were offered through a syndicate of agents led by RBC Dominion Securities Inc., Citigroup Global Markets Canada Inc., Credit Suisse Securities (Canada) Inc. and HSBC Securities (Canada) Inc.
Brookfield Infrastructure operates high quality, long-life assets that generate stable cash flows, require relatively minimal maintenance capital expenditures and, by virtue of barriers to entry and other characteristics, tend to appreciate in value over time. Its current business consists of the ownership and operation of premier utilities, transport and energy, and timber assets in North and South America, Australasia, and Europe. It also seeks acquisition opportunities in other infrastructure sectors with similar attributes. The payout policy targets 3% to 7% annual growth in distributions. Units trade on the New York and Toronto stock exchanges under the symbols BIP and BIP.UN, respectively.
Further information can be found on Brookfield Infrastructure's website.
Brookfield Infrastructure operates high quality, long-life assets that generate stable cash flows, require relatively minimal maintenance capital expenditures and, by virtue of barriers to entry and other characteristics, tend to appreciate in value over time. Its current business consists of the ownership and operation of premier utilities, transport and energy, and timber assets in North and South America, Australasia, and Europe. It also seeks acquisition opportunities in other infrastructure sectors with similar attributes. The payout policy targets 3% to 7% annual growth in distributions. Units trade on the New York and Toronto stock exchanges under the symbols BIP and BIP.UN, respectively.
Further information can be found on Brookfield Infrastructure's website.