Chicago, April 3 – Brookfield Infrastructure Partners, LP announced plans to issue C$400 million medium-term notes (BBB+) by reopening two previous issues, its series 6 and its series 7 notes.
The company is reopening an additional C$200 million of its 4.193% series 6 medium-term notes due Sept. 11, 2028 and also C$200 million of its 3.41% series 7 medium-term notes due Oct. 9, 2029, according to a notice.
The series 6 notes will be sold at 100.552 for a yield of 4.113%.
The series 7 notes will be sold at 94.244, yielding 4.149%.
The notes will be issued by subsidiary Brookfield Infrastructure Finance ULC and guaranteed by the parent and its key holding subsidiaries.
Terms are identical to the terms of the original notes.
Proceeds will be used to fund an active pipeline of investment opportunities and for general corporate purposes.
Bookrunners for the add-ons are RBC Dominion Securities Inc., TD Securities Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc., and include National Bank Financial Inc., HSBC Securities (Canada) Inc. and MUFG Securities (Canada), Ltd.
The Toronto-based company owns and operates assets in the utilities, transport, energy and communications infrastructure sectors across North and South America, Asia Pacific and Europe.
| Issuer: | Brookfield Infrastructure Finance ULC
|
| Guarantors: | Brookfield Infrastructure Partners, LP and certain key holding subsidiaries
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| Amount: | C$400 million
|
| Description: | Series 6 and series 7 add-ons
|
| Bookrunners: | RBC Dominion Securities Inc., TD Securities Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc., and also National Bank Financial Inc., HSBC Securities (Canada) Inc. and MUFG Securities (Canada), Ltd.
|
| Pricing date: | April 3
|
| Settlement date: | April 7
|
| Rating: | S&P: BBB+
|
| Distribution: | Canada
|
|
|
| Series 6 notes
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| Amount: | C$200 million
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| Maturity: | Sept. 11, 2028
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| Securities: | Series 6 medium-term notes
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| Coupon: | 4.193%
|
| Price: | 100.552
|
| Yield: | 4.113%
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| Total issue size: | C$700 million
|
|
|
| Series 7 notes
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| Amount: | C$200 million
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| Maturity: | Oct. 9, 2029
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| Securities: | Series 7 medium-term notes
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| Coupon: | 3.41%
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| Price: | 94.244
|
| Yield: | 4.149%
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| Total issue size: | C$700 million
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