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Brookfield Infrastructure Partners LP (BIP.N)

BIP.N on New York Stock Exchange

32.68USD
8 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Brookfield Infrastructure may issue limited partnership units in one or more offerings
Tuesday, 23 Aug 2016 04:07pm EDT 

Brookfield Infrastructure Partners LP :Files to say may issue limited partnership units in one or more offerings; size undisclosed - SEC filing.  Full Article

Brookfield Infrastructure -Announcement regarding Asciano transaction
Thursday, 28 Jul 2016 09:00am EDT 

Brookfield Infrastructure Partners Lp : Says Supreme Court of New South Wales has made orders approving proposed scheme of arrangement .Says transaction is now expected to close on August 19th, 2016.  Full Article

Brookfield Infrastructure says Court Of New South Wales approves Asciano deal
Thursday, 28 Jul 2016 09:00am EDT 

Brookfield Infrastructure Partners Lp : Announcement regarding Asciano transaction . Supreme Court Of New South Wales has made orders approving proposed scheme of arrangement .Transaction is now expected to close on August 19th, 2016.  Full Article

Natural Gas Pipeline Co of America says seeking solicitations of interest for Chicago market expansion project,gulf coast southbound expansion project
Tuesday, 10 May 2016 12:10pm EDT 

Natural Gas Pipeline Co Of America: Seeking solicitations of interest for chicago market expansion project,gulf coast southbound expansion project .NGPL is seeking customer interest in additional expansion capacity following success of phase 1 of projects.  Full Article

Brookfield Infrastructure to Issue $125 Million of Preferred Units
Tuesday, 1 Dec 2015 09:25am EST 

Brookfield Infrastructure Partners LP:Says it has agreed to issue 5,000,000 Cumulative Class A Preferred Limited Partnership Units, Series 3 on a bought deal basis to a syndicate of underwriters led by RBC Capital Markets, CIBC, Scotiabank and TD Securities Inc.Series 3 Preferred Units will be issued at a price of $25.00 per unit, for gross proceeds of $125,000,000.Holders of the Series 3 Preferred Units will be entitled to receive a cumulative quarterly fixed distribution at a rate of 5.50% annually for the initial period ending December 31, 2020.Thereafter, the distribution rate will be reset every five years at a rate equal to the greater of.5-year Government of Canada bond yield plus 4.53%, and 5.50%. The Series 3 Preferred Units are redeemable on or after December 31, 2020.Brookfield Infrastructure intends to use the net proceeds of the issue of the Series 3 Preferred Units for investment opportunities, working capital and other general corporate purposes.offering of Series 3 Preferred Units is expected to close on or about December 8, 2015.  Full Article

Brookfield Infrastructure Partners LP executes takeover agreement with Asciano
Monday, 9 Nov 2015 07:43am EST 

Brookfield Infrastructure Partners LP:Has entered into an amended Implementation agreement pursuant to which a Brookfield Infrastructure controlled entity will make a takeover bid for all the ordinary shares in Asciano which are not already owned by entities controlled by Brookfield Infrastructure.BidCo will offer Asciano shareholders the same consideration proposed under previously announced scheme of arrangement, being A$6.94 cash and 0.0387 BIP CDIs per Asciano share.  Full Article

Brookfield Infrastructure Partners LP acquires a stake in Asciano
Thursday, 5 Nov 2015 08:18am EST 

Brookfield Infrastructure Partners LP:Acquires a stake in Asciano.Deal for about $1.2 billion.Acquired about 188 million shares in Asciano Limited representing an approximate 14.9% interest in the company.Also entered into arrangements giving it economic interests in a further approximately 4.3% of Asciano.Subject to agreeing to a bid implementation agreement with Asciano, intends to make a takeover offer for.  Full Article

Brookfield Infrastructure Partners LP consortium to acquire Asciano Ltd
Monday, 17 Aug 2015 03:30am EDT 

Brookfield Infrastructure Partners LP:Consortium to acquire Asciano Limited.Deal for enterprise value of about A$12 billion.Asciano shareholders will receive, for each Asciano share held A$6.94 in cash.Deal funded by assuming net debt of about A$3.1 billion, an acquisition facility of A$1.9 billion.Asciano shareholders to receive an implied value of about A$9.15 per Asciano share.Says transaction has received unanimous support of Asciano board of directors.If deal proceeds Asciano expects to pay special dividend of up to A$0.90 per share before scheme implementation date.Transaction expected to deliver accretive FFO and AFFO per unit.Brookfield infrastructure partners -co investing about $2.8 billion, expects to hold ownership position of about 55 pct. of Asciano upon completion of deal.As part of consideration paid to Asciano shareholders, Brookfield Infrastructure will be issuing about 37.9 million BIP units.Says has received in-principle approval for a listing of its units on ASX Ltd.Elements combine to represent total implied value of A$9.15 per Asciano share,made up of A$6.94 in cash,a$2.21 in BIP units.  Full Article

Brookfield Infrastructure Partners LP declares quarterly distribution
Wednesday, 5 Aug 2015 04:00pm EDT 

Brookfield Infrastructure Partners LP:Says that it has declared a quarterly distribution in the amount of $0.53 per unit, payable on Sept. 30, 2015.Paid to unitholders of record as at the close of business on Aug. 31, 2015.  Full Article

Brookfield Infrastructure Partners LP increases size of equity offering to $890 million
Wednesday, 8 Apr 2015 09:33am EDT 

Brookfield Infrastructure Partners LP:Says it has agreed to increase size of offering to 12,000,000 units.Says units will be issued at a price of $45 per unit, on a bought deal basis, to a syndicate of underwriters, co-led by RBC Capital Markets, Credit Suisse, HSBC and TD Securities Inc for gross proceeds of $540,000,000.Intends to use net proceeds of offering and issuance of RPUs to Brookfield for investment opportunities, working capital and other general corporate purposes.Says prior to being deployed for such purposes, portion of net proceeds will initially be used to repay amounts outstanding under Brookfield Infrastructure's revolving credit facilities.Offering and issuance of RPUs to Brookfield are expected to close on or about April 13.  Full Article