New Issue: Brookfield plans C$208.35 million units placement, C$350.01 million public sale

By Devika Patel

Knoxville, Tenn., June 28 – Brookfield Renewable Partners LP said it has arranged a C$208,347,450 private placement of limited partnership units with a greenshoe of up to C$31,252,118 with Brookfield Asset Management Inc. and a C$350,013,600 public offering with a C$52,502,040 greenshoe at the same price.

In the placement, the company will sell 4,943,000 units at C$42.15 per unit, which is a 3.33% discount to the June 26 closing unit price of C$43.60.

The company will offer 8,304,000 units to the public at the same price.

Settlement of both offerings is expected on July 6.

Proceeds from both sales will be to repay debt under the company’s credit facilities and for general corporate purposes.

The Toronto-based company operates a portfolio of hydroelectric and wind facilities in North America, Latin America and Europe.

Issuer:	Brookfield Renewable Partners LP
Issue:	Limited partnership units
Price:	C$42.15
Warrants:	No
Pricing date:	June 27
Settlement date:	July 6
Stock symbol:	Toronto: BEP.UN
Stock price:	C$43.60 at close June 26
Market capitalization:	C$12.43 billion
Placement
Amount:	C$208,347,450
Greenshoe:	C$31,252,118 (maximum), or up to 741,450 units
Units:	4,943,000
Investor:	Brookfield Asset Management Inc.
Public sale
Amount:	C$350,013,600
Greenshoe:	C$52,502,040, or 1,245,600 units
Units:	8,304,000

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