|By Marketwired .||
|March 25, 2014 05:05 PM EDT||
HAMILTON, BERMUDA -- (Marketwired) -- 03/25/14 -- Brookfield Renewable Energy Partners L.P. (TSX:BEP.UN)(NYSE:BEP) ("Brookfield Renewable") today announced the completion of a financing of its Great Lakes Power hydroelectric portfolio located in Ontario, raising incremental proceeds of CAD $150 million.
Through its wholly-owned subsidiary Great Lakes Power Limited, Brookfield Renewable issued CAD $90 million of Series 3 Senior Bonds bearing a 3.77% coupon with an average life of approximately 6 years, and CAD $60 million of Series 3 Subordinate Bonds bearing a 4.96% coupon with an average life of approximately 9 years. The senior and subordinate bonds are rated A (low) and BBB (mid), respectively, by DBRS and are supported by a portfolio of 12 hydroelectric generating stations located in northern Ontario, with an installed capacity of 349 MW.
Brookfield Renewable Energy Partners (TSX:BEP.UN)(NYSE:BEP) operates one of the largest publicly-traded, pure-play renewable power platforms globally. Its portfolio is primarily hydroelectric and totals approximately 6,000 megawatts of installed capacity. Diversified across 70 river systems and 12 power markets in the United States, Canada and Brazil, the portfolio's output is sold predominantly under long-term contracts and generates enough electricity from renewable resources to power more than three million homes on average each year. With a portfolio of high-quality assets and strong growth prospects, the business is positioned to generate stable, long-term cash flows supporting regular and growing cash distributions to shareholders. For more information, please visit www.brookfieldrenewable.com.
Brookfield Renewable Energy Partners L.P.
Vice President, Investor and Media Relations
Jul. 1, 2015 07:15 PM EDT Reads: 2,466
Jul. 1, 2015 05:00 PM EDT Reads: 751
Jul. 1, 2015 05:00 PM EDT Reads: 2,195
Jul. 1, 2015 04:09 PM EDT Reads: 426
Jul. 1, 2015 03:30 PM EDT Reads: 1,026
Jul. 1, 2015 03:00 PM EDT Reads: 1,914
Jul. 1, 2015 02:45 PM EDT Reads: 1,044
Jul. 1, 2015 02:30 PM EDT Reads: 1,169
Jul. 1, 2015 02:21 PM EDT Reads: 515
Jul. 1, 2015 01:15 PM EDT Reads: 2,147
Jul. 1, 2015 12:54 PM EDT Reads: 546
Jul. 1, 2015 12:15 PM EDT Reads: 2,043
Jul. 1, 2015 12:00 PM EDT Reads: 1,993
Jul. 1, 2015 11:45 AM EDT Reads: 1,008
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world...
Jul. 1, 2015 11:30 AM EDT Reads: 2,241