Brookfield Renewable unit plans $25-par perpetual subordinated notes

By Marisa Wong

Los Angeles, April 8 – Brookfield BRP Holdings (Canada) Inc. plans to price $25-par perpetual subordinated notes guaranteed by Brookfield Renewable Partners LP, according to a 424B5 filing with the Securities and Exchange Commission.

Other guarantors include Brookfield Renewable Energy LP, BRP Bermuda Holdings I Ltd., Brookfield BRP Europe Holdings (Bermuda) Ltd., Brookfield Renewable Investments Ltd. and BEP Subco Inc.

Wells Fargo Securities, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and RBC Capital Markets, LLC are the joint bookrunners.

The notes will be callable in whole or in part at par at any time beginning in 2026.

Proceeds will be used to finance or refinance investments made in renewable power generation assets or businesses to support the development of clean energy technologies.

Based in Toronto, Brookfield Renewable owns and operates power assets. Its registered office is in Hamilton, Bermuda.

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