Brookfield Renewable issues C$250 million of green subordinated hybrid notes

On June 10, 2025, Brookfield Renewable (“Brookfield Renewable”) closed its previously announced issuance of C$250 million aggregate principal amount of fixed-to-fixed reset rate subordinated hybrid notes due September 10, 2055. The notes carry interest at an annual rate of 5.373% and reset every five years starting on September 10, 2030 at an annual rate equal to the five-year Government of Canada yield, plus a spread of 2.459%.

The notes were issued pursuant to a base shelf prospectus dated September 8, 2023 and a related prospectus supplement to be dated June 4, 2025, and were offered through a syndicate of underwriters led by Scotiabank, BMO Capital Markets, RBC Capital Markets, CIBC Capital Markets, National Bank Financial Markets and TD Securities, and including Desjardins, BNP Paribas, Mizuho Securities, MUFG, SMBC Nikko and iA Private Wealth Inc.

Brookfield Renewable intends to use the net proceeds from the offering to fund eligible investments (as defined in Brookfield Renewable’s 2024 Green Financing Framework), including repayment of related indebtedness. The Green Financing Framework is available on Brookfield Renewable’s website and described in the prospectus supplement in respect of the offering.

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

Brookfield Renewable operates one of the world’s largest publicly traded platforms for renewable power and sustainable solutions. Its renewable power portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities and sustainable solutions assets include investment in a leading global nuclear services business and a portfolio of investments in carbon capture and storage capacity, agricultural renewable natural gas, materials recycling and eFuels manufacturing capacity.