On November 21, 2024, Brookfield Infrastructure Finance ULC, an indirect wholly-owned subsidiary of Brookfield Infrastructure Partners, entered into an underwriting agreement. The agreement is for the issuance and sale of $300,000,000 aggregate principal amount of 6.750% Fixed-to-Fixed Reset Rate Subordinated Notes due 2055.
These Notes are fully and unconditionally guaranteed on a subordinated basis by Brookfield Infrastructure Partners L.P. and certain of its other subsidiaries. The purchase price for the Notes is set at 99.000% of the principal amount.
The net proceeds from this offering are intended for general corporate purposes, including the refinancing of existing indebtedness. This financing move aims to manage the company's debt profile and support its ongoing capital requirements.
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