Brookfield Renewable to fold partnership, Brookfield Renewable Corp into new parent Brookfield Renewable Partners Inc
BEP•Exchange terms for holders
Holders of BEP Units and BEPC Shares are set to receive 1 BEP Inc. Class A Share per security, with an optional mix including BEP Inc. Notes.
BEP Inc. Notes are non-interest-bearing promissory notes payable in one BEP Inc. Class A Share, then cancelled upon exchange.
Listing and closing conditions
The deal targets a new NYSE and TSX listing for BEP Inc. Class A Shares, with BEP Inc. intended to succeed BEP and BEPC as the public vehicle.
Closing is subject to court orders, exchange approvals, other consents, and a cap of 5% aggregate dissent across BEP Units and BEPC Shares.
Planned combination into new parent
Brookfield Renewable Partners LP is being folded into a new British Columbia parent, Brookfield Renewable Partners Inc., alongside Brookfield Renewable Corporation.
