Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 102

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 5
Chunk 102
---
 sales and purchases of assets and services. We have also agreed to indemnify our directors and certain of our officers and employees. The nature of substantially all of the indemnification undertakings prevents us from making a reasonable estimate of the maximum potential amount that we could be required to pay third parties, as many of the agreements do not specify a maximum amount and the amounts are dependent upon the outcome of future contingent events, the nature and likelihood of which cannot be determined at this time. Historically, we have made no significant payments under such indemnification agreements.

Brookfield Infrastructure Corporation 91

TABULAR DISCLOSURE OF CONTRACTUAL OBLIGATIONS

The table below outlines our company’s contractual obligations as at December 31, 2024:

  US$ MILLIONS                                    Less than      1-2 years      2-3 years                            Total                    
                                                     1 year                                                          contractual              
                                                                                                                     cash flows               
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Accounts payable and other liabilities                  $      $              $                  7          7      $                   722  
  Non-recourse borrowing                                781                     698            4,021      5,814                       12,635  
  Financial liabilities                                  32      1              —                                    33                       
  Loans payable to Brookfield Infrastructure            102      —              —                                    102                      
  Shares classified as financial liability                       —              —                                                      4,644  
  Interest Expense:                                                                                                                           
  Non-recourse borrowing                                900      834            729            1,123      1,273                        4,859  

In addition, pursuant to the Master Services Agreement, on a quarterly basis, we, together with Brookfield Infrastructure, pay a base management fee to the Service Providers equal to 0.3125% (1.25% annually) of the combined market value of our group. Our company pays for, or reimburses the partnership for, our proportionate share of the management fee. For purposes of calculating the base management fee, the market value of our group is equal to the aggregate value of all the outstanding units (assuming full conversion of BN’s limited partnership interests in Holding LP into units), preferred units and securities of the other Service Recipients (including the Exchangeable units and our exchangeable shares, calculated on a fully-diluted basis assuming full conversion of any class A.2 exchangeable shares into exchangeable shares)