Transaction|June 10, 2014
Brookfield Renewable completes C$325 million equity offering
Torys acted as counsel to Brookfield Renewable with a team that included Karrin Powys-Lybbe, Rima Ramchandani, Jonathan Cescon and Anthony Tam (Canadian corporate/securities), Andy Beck, Mile Kurta and Jason Zhou (U.S. corporate/securities).
On June 10, 2014, Brookfield Renewable Energy Partners L.P. (Brookfield Renewable) completed its previously announced bought deal offering through which it sold 10,250,000 limited partnership units to a syndicate of underwriters at a price of C$31.70 per L.P. unit for gross proceeds of approximately C$325 million.
The company intends to use the net proceeds of the offering to repay outstanding indebtedness and for general corporate purposes.
Brookfield Renewable operates one of the largest publicly-traded, pure-play renewable power platforms globally. Its portfolio is primarily hydroelectric and totals approximately 6,000 megawatts of installed capacity.
Further information can be found on Brookfield Renewable's website.