Brookfield Renewable Partners LP | 5.25% Cls A Prfd Ltd Partnership Units Ser 17 (BEP.PRA)
Prospectus excerpt: We are offering 8,000,000 units of our 5.25% Class A Preferred Limited Partnership Units, Series 17, with a liquidation preference of $25.00 per unit (the “Series 17 Preferred Units”). As described under “Use of Proceeds” herein, we intend to allocate an amount equal to the net proceeds from this offering to finance and/or refinance investments made in renewable power generation assets or businesses, and to support the development of clean energy technologies, that constitute Eligible Investments (as defined herein). Pending the allocation of an amount equal to the net proceeds of the Series 17 Preferred Units to finance or refinance Eligible Investments, the unallocated portion of the net proceeds may be temporarily used for the repayment of our outstanding indebtedness. Distributions on the Series 17 Preferred Units are cumulative from the date of original issue and will be payable quarterly in arrears on the last day of January, April, July and October in each year, as and when declared by Brookfield Renewable Partners Limited, our general partner. The pro-rated initial distribution on the Series 17 Preferred Units offered hereby, if declared, will be payable on July 31, 2020 in an amount equal to approximately $0.5724 per Series 17 Preferred Unit. Distributions on the Series 17 Preferred Units will be payable out of amounts legally available therefor at a rate equal to 5.25% per annum of the $25.00 liquidation preference.
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Brookfield Renewable Partners is engaged in owning a portfolio of renewable power generating facilities primarily in North America, Colombia, Brazil, Europe, India and China. Co. invests in renewable assets directly, as well as with institutional partners, joint venture partners and in other arrangements. Co.'s operations are segmented by hydroelectric, wind, solar, and energy transition (distributed generation, pumped storage, cogeneration and biomass), with hydroelectric and wind further segmented by geography (i.e., North America, Colombia, Brazil, Europe and Asia). Preferred: BEP.PRA Open the BEP Information Page » |
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