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BRIEF-Brookfield Renewable announces CDN$550 mln equity offering

Published 2017-06-27, 04:36 p/m
© Reuters. BRIEF-Brookfield Renewable announces CDN$550 mln equity offering
BEP
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June 27 (Reuters) - Brookfield Renewable Partners Lp BEP_u.TO -

* Brookfield Renewable announces cdn$550 million equity offering

* Brookfield Renewable Partners Lp - has agreed to issue 8.3 million L.P. Units, on a bought deal basis, at a price of c$42.15 per l.p. unit

* Brookfield Renewable Partners Lp - to use proceeds of offering, concurrent private placement to repay amounts outstanding under credit facilities

* Brookfield Renewable Partners-brookfield asset management, related entities to buy 4.9 million brookfield's lp units at offering price concurrent with offering

* Brookfield Renewable Partners Lp-brookfield asset management's interest in co after offering, private placement, before exercise of options to be about 60% Source text for Eikon: ID:nCCN2RnHJa Further company coverage: BEP_u.TO

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