Brookfield Renewable Plans C$100 Million Stock Sale to Pay Debts
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Brookfield Renewable Energy Partners LP agreed to sell C$100 million ($101 million) of stock as the developer and operator of wind and hydroelectric projects in North America seeks to repay debt.
Brookfield will issue 4 million preferred shares at C$25 apiece to underwriters RBC Capital Markets LLC, Canadian Imperial Bank of Commerce, Bank of Nova Scotia and TD Securities Inc. for sale to the Canadian public, the company said in a statement. The offer closes around Jan. 29.