Brookfield Infrastructure completes C$125 million preferred unit issue
On December 8, 2015, Brookfield Infrastructure completed its previously announced issue of 5,000,000 Cumulative Class A preferred limited partnership units, Series 3 at a price of $25.00 per unit, for total gross proceeds of C$125 million.
The offering was underwritten by a syndicate of underwriters led by RBC Capital Markets, CIBC, Scotiabank and TD Securities Inc.
Brookfield Infrastructure intends to use the net proceeds for investment opportunities, working capital and other general corporate purposes.
Brookfield Infrastructure Partners is a leading global infrastructure company that owns and operates high quality, long-life assets in the utilities, transport, energy and communications sectors across North and South America, Australia and Europe. Brookfield Infrastructure Partners is listed on the New York and Toronto stock exchanges. Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a leading global alternative asset manager with approximately $225 billion of assets under management.
Further information can be found on Brookfield Infrastructure's website.