Brookfield Infrastructure prices CAD 100 million preferred unit offering
BIP•Preferred unit offering priced
Brookfield Infrastructure Partners launched a bought-deal offering of 4,000,000 Series 19 Class A preferred limited partnership units for gross proceeds of CAD 100 million.
- Units priced at CAD 25 each with a 5.75% fixed rate through Sept. 30, 2031.
- Rate resets every five years to the greater of 5-year Government of Canada yield + 2.35% or 5.75%.
- Issuer option for underwriters to buy up to 2,000,000 additional units, lifting potential gross proceeds to CAD 150 million.
- Net proceeds earmarked for general corporate purposes; closing expected around Aug. 27, 2026.
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