US EditionBrookfield Renewable to Issue C$250 Million of Green Subordinated Hybrid Notes
- Brookfield Renewable announced it will issue C$250 million of fixed-to-fixed reset subordinated hybrid green notes due September 10, 2055.
- The issuance aligns with Brookfield Renewable's approach to sustainable financing and is anticipated to be finalized around June 10, 2025, pending the satisfaction of standard closing requirements.
- The notes will carry a 5.373% annual interest rate, with resets occurring at five-year intervals beginning on September 10, 2030, based on the five-year Canadian government yield plus an additional 2.459%.
- Brookfield Renewable is issuing its seventeenth set of green-certified corporate securities in the North American market, with the offering being managed by a syndicate headed by Scotiabank.
- Brookfield Renewable plans to allocate the proceeds towards projects and expenditures specified in its Green Financing Framework, as well as to settle related debts.
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Brookfield taps debt markets for $3bn Colonial Pipeline financing - Private Equity Wire
Brookfield Asset Management is preparing to raise around $3bn in debt to support its acquisition of Colonial Enterprises, the parent company of Colonial Pipeline, according to a report by Bloomberg citing sources familiar with the matter. The financing, which is being arranged by Morgan Stanley, is expected to come to market as early as June and may take the form of leveraged loans or bonds. The structure will see the new debt issued at the hold…
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- 38% of the sources lean Left, 38% of the sources are Center
38% Center
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C 38%
R 25%
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