NEWS RELEASE TRANSMITTED BY Marketwired
FOR: Brookfield Renewable Energy Partners L.P.
TSX SYMBOL: BEP.UN
NYSE SYMBOL: BEP
JUNE 10, 2014
Brookfield Renewable Completes $325 Million Equity Offering
HAMILTON, BERMUDA--(Marketwired - June 10, 2014) -
All amounts in Canadian dollars.
Brookfield Renewable Energy Partners L.P. (TSX:BEP.UN) (NYSE:BEP)
("Brookfield Renewable") today announced the completion of the
previously announced bought-deal offering through which it sold 10,250,000
limited partnership units ("L.P. units") to a syndicate of
underwriters at a price of $31.70 per L.P. unit for gross proceeds of
approximately $325 million.
Brookfield Asset Management now owns approximately 62% of Brookfield Renewable
on a fully-exchanged basis.
This news release shall not constitute an offer of securities for sale in the
United States. The L.P. units offered will not be and have not been registered
under the United States Securities Act of 1933, as amended, and may not be
offered or sold into the United States absent registration or an exemption from
registration. There shall not be any public offering of the L.P. units in the
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 71 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Brookfield Renewable Energy Partners L.P.
Vice President, Investor and Media Relations
INDUSTRY: Energy and Utilities - Alternative Energy, Environment - Natural
-0- Jun/10/2014 13:10 GMT
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