Brookfield Renewable Completes $150 Million Bond Issue

Brookfield Renewable Completes $150 Million Bond Issue 
HAMILTON, BERMUDA -- (Marketwired) -- 03/25/14 --   Brookfield
Renewable Energy Partners L.P. (TSX: BEP.UN)(NYSE: BEP) ("Brookfield
Renewable") today announced the completion of a financing of its
Great Lakes Power hydroelectric portfolio located in Ontario, raising
incremental proceeds of CAD $150 million. 
Through its wholly-owned subsidiary Great Lakes Power Limited,
Brookfield Renewable issued CAD $90 million of Series 3 Senior Bonds
bearing a 3.77% coupon with an average life of approximately 6 years,
and CAD $60 million of Series 3 Subordinate Bonds bearing a 4.96%
coupon with an average life of approximately 9 years. The senior and
subordinate bonds are rated A (low) and BBB (mid), respectively, by
DBRS and are supported by a portfolio of 12 hydroelectric generating
stations located in northern Ontario, with an installed capacity of
349 MW. 
Brookfield Renewable Energy Partners (TSX: BEP.UN)(NYSE: BEP)
operates one of the largest publicly-traded, pure-play renewable
power platforms globally. Its portfolio is primarily hydroelectric
and totals approximately 6,000 megawatts of installed capacity.
Diversified across 70 river systems and 12 power markets in the
United States, Canada and Brazil, the portfolio's output is sold
predominantly under long-term contracts and generates enough
electricity from renewable resources to power more than three million
homes on average each year. With a portfolio of high-quality assets
and strong growth prospects, the business is positioned to generate
stable, long-term cash flows supporting regular and growing cash
distributions to shareholders. For more information, please visit
www.brookfieldrenewable.com. 
Contacts:
Brookfield Renewable Energy Partners L.P.
Zev Korman
Vice President, Investor and Media Relations
416-359-1955
zev.korman@brookfield.com
 
 
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