Brookfield Infrastructure Partners L.P. announced the closing of a public offering of $300 million of Fixed-to-Fixed Reset Rate Subordinated Notes due March 15, 2055. The notes will bear interest at an annual rate of 6.750% until March 15, 2030, with subsequent resets every five years.
The notes were issued by Brookfield Infrastructure Finance ULC, a wholly-owned subsidiary, and are guaranteed on a subordinated basis by Brookfield Infrastructure and certain other subsidiaries. The proceeds from this offering are intended for refinancing existing indebtedness and for general corporate purposes.
This successful debt issuance highlights Brookfield Infrastructure's continued access to capital markets, supporting its financial flexibility and capacity for ongoing investments in its utilities, transport, midstream, and data sectors.
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