Our site runs on donations to keep it running for free. Please consider donating if you enjoy your experience here!

Brookfield Renewable Partners LP Prices Preferred issue-Updated

Energy company Brookfield Renewable Partners LP (BEP) has priced the previously announced preferred unit offering.

The issue priced at 5.25%. It will become redeemable in 2025.

The issue is rated BBB- (low investment grade) by Standard and Poors.

The issue will trade immediately on the OTC Grey market under ticker BKFRF.

Update from earlier–BEP is a Bermuda company so there will be no Canadian withholding. But there will be a K-1 issued.

Leave a Reply

Your email address will not be published. Required fields are marked *