Brookfield Renewable Completes $175 Million Preferred Share Offering
|Areas||Corporate Finance and Securities, Private Equity, Tax|
Goodmans represented the syndicate of underwriters in connection with Brookfield Renewable Energy Partners L.P.''s completion of an offering of 5% perpetual Class A Preferred Shares, Series 5 in the amount of $175 million. Brookfield Renewable issued, through a wholly-owned subsidiary, 7,000,000 Preferred Shares at a price of $25.00 per share, for total gross proceeds of $175 million.
The offering was underwritten by a syndicate of underwriters co-led by RBC Capital Markets, CIBC, Scotiabank, and TD Securities Inc. and included BMO Nesbitt Burns Inc., National Bank Financial Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Canaccord Genuity Corp., FirstEnergy Capital Corp., GMP Securities L.P., Jacob Securities Inc., Laurentian Bank Securities Inc. and Stifel Nicolaus Canada Inc.
Brookfield Renewable Energy Partners operates one of the largest publicly-traded, pure-play renewable power platforms globally.