Brookfield Renewable has announced plans to issue C$750 million in aggregate principal amount of medium-term notes to finance eligible investments under its Green Financing Framework.
The offering comprises C$400 million of Series 21 Notes due August 13, 2036, carrying an annual interest rate of 4.949%, and C$350 million of Series 22 Notes due August 13, 2031, with an annual interest rate of 4.256%.
Brookfield Renewable Partners ULC, a subsidiary of Brookfield Renewable, will issue the notes, which will be fully and unconditionally guaranteed by Brookfield Renewable and certain key holding subsidiaries.
The issuance is expected to close on or around August 24, 2026, subject to customary closing conditions. The notes will be issued under Brookfield Renewable’s existing base shelf prospectus and related prospectus supplements.
Brookfield Renewable said the net proceeds will be used to fund eligible investments under its 2024 Green Financing Framework, including the repayment of outstanding debt incurred for such investments.
The Series 21 and Series 22 Notes will represent Brookfield Renewable’s 19th and 20th green-labelled corporate securities issuances in North America, respectively.
The notes have been rated BBB+ by S&P Global Ratings, BBB (high) with a stable trend by DBRS Limited, and BBB+ by Fitch Ratings.
The offering is being arranged through a syndicate of financial institutions led by RBC Capital Markets, BMO Capital Markets, Scotiabank, CIBC Capital Markets, National Bank Capital Markets and TD Securities.
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