Brookfield Renewable Completes $325 Million Equity Offering
HAMILTON, BERMUDA -- (Marketwired) -- 06/10/14 -- All amounts in
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 United
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
Brookfield Renewable Energy Partners L.P.
Vice President, Investor and Media Relations
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