Core Viewpoint - Brookfield Renewable has announced the issuance of C450millioninSeries19Notes,whichwillmatureonOctober12,2035,withaninterestrateof4.542450 million in Series 19 Notes, which will mature on October 12, 2035, with an interest rate of 4.542% per annum [1][2]. Group 1: Issuance Details - The Notes will be issued by Brookfield Renewable Partners ULC, a subsidiary of Brookfield Renewable, and will be fully guaranteed by Brookfield Renewable and its key holding subsidiaries [2]. - The issuance is based on a base shelf prospectus dated September 8, 2023, and is expected to close around March 12, 2025, subject to customary closing conditions [2]. Group 2: Use of Proceeds - The net proceeds from the sale of the Notes will be used to fund Eligible Investments as defined in Brookfield Renewable's 2024 Green Financing Framework, including repayment of related indebtedness [3]. Group 3: Ratings and Underwriters - The Notes have received ratings of BBB+ from S&P Global Ratings, BBB (high) with a stable trend from DBRS Limited, and BBB+ from Fitch Ratings [4]. - The offering is being managed by a syndicate of agents led by CIBC Capital Markets, RBC Capital Markets, TD Securities, BMO Capital Markets, Scotiabank, and National Bank Financial Markets, among others [4]. Group 4: Company Overview - Brookfield Renewable operates one of the largest publicly traded platforms for renewable power, with a portfolio that includes hydroelectric, wind, utility-scale solar, and storage facilities [6]. - The company is part of Brookfield Asset Management, which manages over 450millioninSeries19Notes,whichwillmatureonOctober12,2035,withaninterestrateof4.5421 trillion in assets [7].
Brookfield Renewable Partners L.P.(BEP) Newsfilter·2025-03-10 22:04