to Issue $600 Million of Medium-Term Notes TSX: BIP.UN All amounts in Canadian dollars unless otherwise stated
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES
BROOKFIELD, NEWS, April 21, 2022 (GLOBE NEWSWIRE) -- Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today announced that it has agreed to sell $600 million aggregate principal amount of medium-term notes (the “Notes”), comprised of $400 million aggregate principal amount of Series 9 Notes, due April 25, 2034, which will bear interest at a rate of 5.439% per annum, payable semi-annually (the “Series 9 Notes”) and $200 million aggregate principal amount of Series 10 Notes, due April 25, 2052, which will bear interest at a rate of 5.789% per annum, payable semi-annually (the “Series 10 Notes”). A subsidiary of Brookfield Infrastructure, Brookfield Infrastructure Finance ULC will be the recipient of the net proceeds and have primary responsibility for the payment of principal and interest on the Notes. The Notes will be fully and unconditionally guaranteed by Brookfield Infrastructure and certain of its key holding subsidiaries.
Brookfield Infrastructure to Issue $600 Million of Medium-Term Notes