Transaction|February 22, 2013
Brookfield Renewable completes C$450 million financing for Comber Wind Facility
Torys acted as counsel to Brookfield Renewable with a team that included Rose Bailey, Jonathan Cescon and Yinka Olusoga.
On February 22, 2013, Brookfield Renewable Energy Partners (Brookfield Renewable) announced the completion of a C$450 million offering for its Comber Wind farm in Essex County, Ontario. The bond issuance was Canada's first broadly marketed and rated wind financing.
The 166 MW Comber Wind farm entered commercial operation in the fall of 2011 and benefits from a 20-year Power Purchase Agreement with the Ontario Power Authority.
The Senior Bonds bear an all-in interest rate of 5.13% and fully amortize over a period of 17.7 years. The bonds are rated BBB by DBRS.
Scotia Capital Inc. acted as sole lead and bookrunner.
Brookfield Renewable Energy Partners operates one of the largest publicly-traded, pure-play renewable power platforms globally.
Further information can be found on Brookfield Renewable's website.
The 166 MW Comber Wind farm entered commercial operation in the fall of 2011 and benefits from a 20-year Power Purchase Agreement with the Ontario Power Authority.
The Senior Bonds bear an all-in interest rate of 5.13% and fully amortize over a period of 17.7 years. The bonds are rated BBB by DBRS.
Scotia Capital Inc. acted as sole lead and bookrunner.
Brookfield Renewable Energy Partners operates one of the largest publicly-traded, pure-play renewable power platforms globally.
Further information can be found on Brookfield Renewable's website.