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Brookfield Infrastructure Partners LP (BIP.N)

BIP.N on New York Stock Exchange

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22 Jul 2016
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Latest Key Developments (Source: Significant Developments)

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

Brookfield Infrastructure Partners LP announces $750.5 million equity offering
Tuesday, 7 Apr 2015 04:45pm EDT 

Brookfield Infrastructure Partners LP:Agreed to issue 8,900,000 L.P. units, on a bought deal basis, to a syndicate of underwriters, co-led by RBC Capital Markets, Credit Suisse, HSBC and TD, at a price of $45.00 per L.P. unit for gross proceeds of $400,500,000.In addition, Brookfield Asset Management Inc. and certain of its related entities will purchase, directly or indirectly, 8,101,850 redeemable partnership units of Brookfield Infrastructure's holding limited partnership ("RPUs") at the Offering Price concurrent with the Offering.Aggregate gross proceeds of the Offering and the placement of RPUs to Brookfield will be $750,499,920.Brookfield Infrastructure has granted the underwriters an over-allotment option, exercisable in whole or in part for a period of 30 days following closing of the Offering, to purchase up to an additional 1,335,000 L.P. units at the Offering Price.If this option is exercised in full, the gross offering size would increase to $810,574,920.Brookfield Infrastructure intends to use the net proceeds of the Offering and the issuance of RPUs to Brookfield for investment opportunities, working capital and other general corporate purposes.Prior to being deployed for such purposes, a portion of the 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

Brookfield Infrastructure Partners LP completes $125,000,000 mln preferred unit issue
Thursday, 12 Mar 2015 09:05am EDT 

Brookfield Infrastructure Partners LP:Completes previously announced issue of Cumulative Class A Preferred Limited Partnership Units, Series 1 in the amount of $125,000,000.Says offering was underwritten by a syndicate led by CIBC, RBC Capital Markets, Scotiabank, and TD Securities Inc.Issues 5,000,000 Series 1 Preferred Units at a price of $25.00 per unit, for total gross proceeds of $125,000,000.  Full Article

Brookfield Infrastructure Partners LP announces C$450 million medium-term note offering
Thursday, 5 Mar 2015 05:54pm EST 

Brookfield Infrastructure Partners LP:Says that it has agreed to sell an aggregate principal amount of $450 million of medium-term notes, Series 2, due March 11, 2022, which will bear interest at a rate of 3.452 pct. per annum, payable semi-annually.Subsidiary of Brookfield Infrastructure, Brookfield Infrastructure Finance ULC, will be the recipient of net proceeds and have primary responsibility for the payment of principal and interest on notes.Notes will be fully and unconditionally guaranteed by Brookfield Infrastructure and certain of its key holding subsidiaries.Notes will be issued pursuant to short form base shelf prospectus dated Dec. 29, 2014, a related prospectus supplement dated March 5, 2015 and a related pricing supplement to be dated March 5.Issue is expected to close on or about March 11.Intends to use net proceeds from sale of notes for general corporate purposes, including to fund new investments that were previously announced and repay amounts outstanding under its credit facilities.Notes have been rated BBB+ by Standard & Poor's Rating Services.Notes are being offered through a syndicate of agents led by RBC Dominion Securities Inc., HSBC Securities (Canada) Inc., and TD Securities Inc.  Full Article