Brookfield Infrastructure completes US$250 million offering of subordinated notes

On May 24, 2021, Brookfield Infrastructure Partners L.P. (“Brookfield Infrastructure”) announced the closing of a public offering of US$250 million of fixed rate subordinated notes due May 24, 2081. Listed on the New York Stock Exchange, the notes bear interest at a rate of 5.00%.

Brookfield Infrastructure intends to use the net proceeds of the offering for the redemption of its class A preferred units, Series 5, which are redeemable by Brookfield Infrastructure on September 30, 2021, with the remainder to be used for general corporate purposes.

The notes were issued by Brookfield Infrastructure Finance ULC, an indirect wholly-owned subsidiary of Brookfield Infrastructure, and are guaranteed on a subordinated basis by Brookfield Infrastructure and certain of its other subsidiaries.

BofA Securities, Inc., Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC acted as joint book-running managers for the offering.

Further information can be found on Globe Newswire’s website.

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