All amounts in Canadian dollars
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES
BROOKFIELD, NEWS, Sept. 05, 2018 (GLOBE NEWSWIRE) -- Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) today
announced that as a result of strong investor demand for its previously announced offering, the underwriters have exercised their
option to increase the size of the offering to 10,000,000 Cumulative Class A Preferred Limited Partnership Units, Series 11
(“Series 11 Preferred Units”). The Series 11 Preferred Units will be issued at a price of $25.00 per unit, for
gross proceeds of $250,000,000. The Series 11 Preferred Units are being offered for distribution to the public on a bought deal
basis by a syndicate of underwriters led by Scotiabank, BMO Capital Markets, CIBC Capital Markets, RBC Capital Markets, and TD
Securities Inc.
The Series 11 Preferred Units will be offered in all provinces and territories of Canada by way of a supplement
to Brookfield Infrastructure’s existing short form base shelf prospectus.
Brookfield Infrastructure intends to use the net proceeds of the issue of the Series 11 Preferred Units to fund
an active pipeline of new investment opportunities and a growing backlog of committed organic growth capital expenditure projects,
and for general working capital purposes. The offering of Series 11 Preferred Units is expected to close on or about September 12,
2018.
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 data 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.brookfield.com/infrastructure. Important information may be disseminated exclusively via the
website; investors should consult the site to access this information.
Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Asset Management, a
leading global alternative asset manager with approximately $285 billion of assets under management. For more information, go to
www.brookfield.com
For more information, please visit our website at www.brookfield.com/infrastructure or contact:
Note: This news release contains forward-looking statements and information within the meaning of applicable
securities laws. The words, “will”, “intends”, “expected” or derivations thereof and other expressions which are predictions of or
indicate future events, trends or prospects, and which do not relate to historical matters, identify the above mentioned and other
forward-looking statements. Forward-looking statements in this news release include statements regarding the terms, use of proceeds
and closing of the offering. Although Brookfield Infrastructure believes that these forward-looking statements and information are
based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward
looking statements or information in this news release. The future performance and prospects of Brookfield Infrastructure are
subject to a number of known and unknown risks and uncertainties. Factors that could cause actual results of Brookfield
Infrastructure to differ materially from those contemplated or implied by the statements in this news release are described in the
documents filed by Brookfield Infrastructure with the securities regulators in Canada and the United States including under “Risk
Factors” in Brookfield Infrastructure’s most recent Annual Report on Form 20-F and other risks and factors that are described
therein. Except as required by law, Brookfield Infrastructure undertakes no obligation to publicly update or revise any
forward-looking statements or information, whether as a result of new information, future events or otherwise.
