Brookfield Renewable Partners closes $550M bought deal and private placement

pcNewsWire Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) has closed previously announced bought deal of 8,304,000 L.P. units at CDN $42.15 per L.P. unit for gross proceeds of approximately CDN $350 million and con-current private placement of 4,943,000 L.P. units with Brookfield Asset Management Inc. (NYSE/TSX/Euronext: BAM) and certain of its related entities (other than Brookfield Renewable) for approximately CDN $200 million.

The public offering was conducted by a syndicate of underwriters, co-led by Scotia Capital Inc., TD Securities Inc., CIBC Capital Markets, Barclays Capital Canada Inc. and Deutsche Bank Securities Inc.

News Release

All amounts in Canadian dollars unless otherwise noted


BROOKFIELD, News, July 6, 2017 – Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“Brookfield Renewable”) today announced the closing of its previously announced bought deal and private placement offerings.

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 Renewable Partners

Brookfield Renewable Partners operates one of the world’s largest publicly traded, pure-play renewable power platforms. Our portfolio consists of hydroelectric and wind facilities in North America, Colombia, Brazil and Europe and totals more than 10,000 megawatts of installed capacity. Brookfield Renewable is listed on the New York and Toronto stock exchanges.
Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with approximately US$250 billion of assets under management.

For more information, please contact:

Claire Holland
Tel: (416) 369-8236