Brookfield Infrastructure completes US$1 billion equity offering

On September 15, 2017, Brookfield Infrastructure completed its previously announced equity offering of 16,628,000 L.P. units for gross proceeds of US$700,038,800. The L.P. units were issued, on a bought deal basis, at a price of US$42.10 per L.P. unit to a syndicate of underwriters co-led by RBC Capital Markets, TD Securities Inc., Citigroup, BofA Merrill Lynch and HSBC.

Concurrent with the public offering, Brookfield Asset Management Inc. and certain of its related entities (other than Brookfield Infrastructure) purchased, directly or indirectly, 7,423,000 redeemable partnership units of Brookfield Infrastructure's holding limited partnership (RPUs) at the offering price (net of underwriting commissions). The aggregate gross proceeds of the offering and private placement is US$1,000,046,768.

Brookfield Infrastructure intends to use the net proceeds of the offering, together with the proceeds of the concurrent private placement, to fund a growing backlog of committed organic growth capital expenditure projects, an active pipeline of new investment opportunities and for general working capital purposes.

Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, energy and communications infrastructure sectors across North and South America, Asia Pacific and Europe. Brookfield Infrastructure is focused on assets that generate stable cash flows and require minimal maintenance capital expenditures.

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