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BRIEF-Brookfield Renewable announces CDN$550 mln equity offering

BRIEF-Brookfield Renewable announces CDN$550 mln equity offering

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Brookfield Renewable Partners Lp –

* Brookfield Renewable announces cdn$550 million equity offering

* Brookfield Renewable Partners Lp – ‍has agreed to issue 8.3 million L.P. Units, on a bought deal basis, at a price of c$42.15 per l.p. unit​

* Brookfield Renewable Partners Lp – to use proceeds of offering, concurrent private placement to repay amounts outstanding under credit facilities

* Brookfield Renewable Partners-‍brookfield asset management, related entities to buy 4.9 million brookfield’s lp units at offering price concurrent with offering ​

* Brookfield Renewable Partners Lp-brookfield asset management’s interest in co after offering, private placement, before exercise of options to be about 60% Source text for Eikon.

Source: reuters
Anand Gupta Editor - EQ Int'l Media Network

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