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Brookfield Renewable to Issue C$250 Million of Green Subordinated Hybrid Notes
The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in c...
About this update from Brookfield Renewable Partners Lp
[{"type":"text","content":"Brookfield Renewable to Issue C$250 Million of Green Subordinated Hybrid Notes\n\n\n\n\n The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with this offering will be accessible through SEDAR+ within two business days.\n \n\n\n NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES\n \n\n BROOKFIELD, News, June 03, 2025 (GLOBE NEWSWIRE) -- Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) (“Brookfield Renewable”) today announced that it has agreed to issue C$250 million aggregate principal amount of Fixed-to-Fixed Reset Rate Subordinated Hybrid Notes due September 10, 2055 (the “Hybrid Notes”).\n \n\n The Hybrid Notes will bear interest at an annual rate of 5.373% and reset every five years starting on September 10, 2030 at an annual rate equal to the five-year Government of Canada yield, plus a spread of 2.459%.\n \n\n Brookfield Renewable Partners ULC, a subsidiary of Brookfield Renewable, will be the issuer of the Hybrid Notes, which will be fully and unconditionally guaranteed by Brookfield Renewable and certain of its key holding subsidiaries.\n \n\n The Hybrid Notes will be issued pursuant to a base shelf prospectus dated September 8, 2023 and a related prospectus supplement to be dated June 4, 2025. The issue is expected to close on or about June 10, 2025 subject to customary closing conditions.\n \n\n The Hybrid Notes will represent Brookfield Renewable’s seventeenth green labelled corporate securities issuance in North America and the sixth issuance under Brookfield Renewable’s 2024 Green Financing Framework (the “Green Financing Framework”). Brookfield Renewable intends to use the net proceeds from the sale of the Hybrid Notes to fund Eligible Investments (as defined in the Green Financing Framework), including to repay indebtedness incurred in respect thereof. The Green Financing Framework is available on Brookfield Renewable’s website and described in the prospectus supplement in respect of the offering.\n \n\n The Hybrid Notes are being offered through a syndicate of underwriters led by Scotiabank, BMO Capital Markets, RBC Capital Markets, CIBC Capital Markets, National Bank Financial Markets and TD Securities, and including Desjardins, BNP Paribas, Mizuho S...