Brookfield Infrastructure announces secondary offering of C$275 million of exchangeable shares

On July 21, 2020, Brookfield Infrastructure Partners L.P. (the "Partnership"), Brookfield Infrastructure Corporation ("BIPC" and together with the Partnership, "Brookfield Infrastructure") and Brookfield Asset Management Inc. ("BAM") announced a secondary offering of 4,418,000 class A exchangeable subordinate voting shares of BIPC by an affiliate of BAM on a bought deal basis to a syndicate of underwriters co-led by RBC Capital Markets, TD Securities Inc., Scotiabank, BMO Capital Markets and CIBC Capital Markets for distribution to the public. The selling securityholder agreed to sell the exchangeable shares at a price of C$62.25 per exchangeable share, for gross proceeds of C$275 million.

The selling securityholder has granted the underwriters an over-allotment option, exercisable in whole or in part, for a period of 30 days following closing of the offering, to purchase from the selling securityholder up to an additional 662,700 exchangeable shares at the offering price. If the over-allotment option is exercised in full, the gross offering size would increase to C$316 million.

The offering is expected to close on or about July 29, 2020.

Brookfield Infrastructure is not selling any exchangeable shares in the offering and will not receive any of the proceeds from the offering.

Further information can be found on Canada Newswire's website.

Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, energy and data infrastructure sectors across North and South America, Asia Pacific and Europe.