Brookfield Renewable Unveils $150 Million Green Perpetual Subordinated Note Offering and Plans Redemption of Series 15 Preferred Units

Brookfield Renewable Partners L.P. and Brookfield Renewable Corporation, collectively known as Brookfield Renewable, have completed a $150 million issuance of fixed-rate green perpetual subordinated notes (“sub notes”). With the simultaneous execution of a Canadian dollar swap, these notes carry an effective coupon rate of 6.78%. The sub notes, with a coupon of 7.25%, will be listed on the New York Stock Exchange under the symbol “BEPJ”.

This issuance marks Brookfield Renewable’s thirteenth green-labelled corporate securities issuance and is the second under its 2024 Green Financing Framework. Proceeds from the sub notes’ sale will be utilized by Brookfield Renewable to finance or refinance eligible investments outlined in its 2024 Green Financing Framework, which includes the redemption of its Class A Preferred LP Units, Series 15.