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Brookfield Renewable Announces Intention to Redeem Its Series 7 Preferred Units
Globenewswire· 2026-01-02 22:59
Group 1 - Brookfield Renewable Partners L.P. plans to redeem all outstanding Class A Preferred Limited Partnership Units, Series 7, for cash on January 31, 2026, at a redemption price of C$25.00 per unit, totaling C$175 million funded from available liquidity [1] - Holders of Series 7 Preferred Units of record as of January 15, 2026, will receive a final quarterly distribution of C$0.34375 per unit [1] Group 2 - Brookfield Renewable operates one of the largest publicly traded platforms for renewable power, with a diverse portfolio including hydroelectric, wind, solar, and storage facilities [2] - The company also invests in sustainable solutions such as nuclear services, carbon capture, agricultural renewable natural gas, materials recycling, and eFuels manufacturing [2] - Brookfield Renewable is the flagship listed renewable power and transition company of Brookfield Asset Management, which manages over $1 trillion in assets [4]
Brookfield Renewable Announces Renewal of Normal Course Issuer Bids - Brookfield Renewable (NYSE:BEP), Brookfield Renewable (NYSE:BEPC)
Benzinga· 2025-12-15 21:30
Core Viewpoint - Brookfield Renewable has announced the renewal of its normal course issuer bids for various classes of its securities, allowing for the repurchase of units and shares that may not fully reflect their value, thereby providing flexibility in capital management [1][6]. Summary by Category Normal Course Issuer Bids - Brookfield Renewable Partners L.P. (BEP) intends to repurchase up to 15,296,104 LP Units, which is 5% of its issued and outstanding LP Units, with a total of 305,922,080 LP Units outstanding as of December 4, 2025 [2]. - Brookfield Renewable Corporation (BEPC) plans to repurchase up to 7,244,255 Exchangeable Shares, also representing 5% of its issued and outstanding shares, with 144,885,110 Exchangeable Shares outstanding as of the same date [3]. - BEP is authorized to repurchase approximately 10% of the public float of each series of its Preferred Units, with specific maximum numbers for each series detailed in the announcement [4]. Repurchase Details - Under the normal course issuer bid, BEP may repurchase up to 69,640 LP Units daily, which is 25% of the average daily trading volume of 278,560 LP Units for the six months ended November 30, 2025 [2]. - BEPC may repurchase up to 65,073 Exchangeable Shares daily, representing 25% of the average daily trading volume of 260,295 Exchangeable Shares for the same period [3]. - The maximum number of units subject to purchase for each series of Preferred Units is also specified, with daily limits set according to TSX rules [4][5]. Previous Bids and Performance - Under its previous normal course issuer bid for LP Units, which commenced on December 18, 2024, BEP had approval to repurchase up to 14,255,578 LP Units and had repurchased 1,522,975 LP Units at a weighted average price of approximately CDN$31.9363 as of December 4, 2025 [9]. - BEPC did not repurchase any Exchangeable Shares under its existing normal course issuer bid in the past 12 months [10]. - BEP did not repurchase any Preferred Units under its prior normal course issuer bid that is set to expire on December 17, 2025 [11]. Automatic Share Purchase Plans - BEP and BEPC plan to implement automatic share purchase plans, pre-cleared by the TSX, to facilitate the repurchase of LP Units, Preferred Units, and Exchangeable Shares during internal trading blackout periods [14]. Company Overview - Brookfield Renewable operates one of the largest publicly traded platforms for renewable power, with a diverse portfolio including hydroelectric, wind, solar, and storage facilities, as well as investments in sustainable solutions [15][16].
Brookfield Renewable to Issue C$250 Million of Green Subordinated Hybrid Notes
Globenewswire· 2025-06-03 23:27
Core Viewpoint - Brookfield Renewable has announced the issuance of C$250 million in Fixed-to-Fixed Reset Rate Subordinated Hybrid Notes, maturing on September 10, 2055, with an initial interest rate of 5.373% [1][2]. Group 1: Hybrid Notes Details - The Hybrid Notes will reset every five years starting September 10, 2030, at a rate equal to the five-year Government of Canada yield plus a spread of 2.459% [2]. - The issuance will be conducted under a base shelf prospectus dated September 8, 2023, with the related prospectus supplement dated June 4, 2025, and is expected to close around June 10, 2025 [3]. - This issuance marks Brookfield Renewable's seventeenth green labelled corporate securities issuance in North America and the sixth under its 2024 Green Financing Framework [4]. Group 2: Use of Proceeds - The net proceeds from the Hybrid Notes will be used to fund Eligible Investments as defined in the Green Financing Framework, including repayment of related indebtedness [4]. Group 3: Underwriters - The offering is being managed by a syndicate of underwriters led by Scotiabank, BMO Capital Markets, RBC Capital Markets, CIBC Capital Markets, National Bank Financial Markets, and TD Securities, among others [5]. 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 [9]. - The company is part of Brookfield Asset Management, which manages over $1 trillion in assets [11].