All amounts in Canadian dollars
BROOKFIELD, NEWS--(Marketwired - Jan. 26, 2017) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES
Brookfield Infrastructure (NYSE:BIP)(TSX:BIP.UN) today announced the completion of its previously announced issue of
Cumulative Class A Preferred Limited Partnership Units, Series 7 ("Series 7 Preferred Units") in the amount of
$300,000,000. The offering was underwritten by a syndicate led by CIBC Capital Markets, RBC Capital Markets, Scotiabank, and TD
Securities Inc.
Brookfield Infrastructure issued 12,000,000 Series 7 Preferred Units at a price of $25.00 per unit, for total gross proceeds
of $300,000,000. Holders of the Series 7 Preferred Units will be entitled to receive a cumulative quarterly fixed distribution
yielding 5.00% annually for the initial period ending March 31, 2022. Thereafter, the distribution rate will be reset every five
years at a rate equal to the greater of: (i) the 5-year Government of Canada bond yield plus 3.78%, and (ii) 5.00%. The Series 7
Preferred Units will commence trading on the Toronto Stock Exchange this morning under the ticker symbol BIP.PR.D.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any
jurisdiction, nor shall there be any offer or sale of the securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful. The securities being offered have not been approved or disapproved by any regulatory authority nor has
any such authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the prospectus supplement. The
offer and sale of the securities has not been and will not be registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold in the United States or to United
States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and
applicable state securities laws.
Brookfield Infrastructure Partners is a leading global infrastructure company that owns and operates high
quality, long-life assets in the utilities, transport, energy and communications infrastructure sectors across North and South
America, Asia Pacific and Europe. We are focused on assets that generate stable cash flows and require minimal maintenance
capital expenditures. Brookfield Infrastructure Partners is listed on the New York and Toronto stock exchanges. Further
information is available at www.brookfieldinfrastructure.com.
Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a leading global
alternative asset manager with approximately $250 billion of assets under management. For more information, go to www.brookfield.com.
For more information, please visit our website at www.brookfieldinfrastructure.com.