Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 299

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 4
Chunk 299
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$4.5 billion aggregate principal amount of publicly issued Canadian Bonds and notes and a receivable from an indirect wholly-owned subsidiary of BEP, Canadian Finco has no significant assets or liabilities, no subsidiaries and no operations of its own. The Canadian Bonds are guaranteed by the Canadian Bond Guarantors.

Pursuant to Canadian Finco’s articles of incorporation, Canadian Finco is authorized to issue an unlimited number of common shares. As of the date of this Form 20-F, one common share held indirectly by BEP was issued and outstanding. Holders of common shares are entitled to one vote for each such share held on all votes taken at meetings of the shareholders of Canadian Finco, except meetings at which only the holders of a specified class or series of shares of Canadian Finco are entitled to vote. Subject to the rights of holders of any shares of Canadian Finco ranking prior to the common shares, the holders of common shares are entitled to dividends as may be declared from time to time by the board of directors of Canadian Finco. Holders of common shares may make use of various shareholder remedies available pursuant to the ABCA.

The Canadian Bonds (other than the Series 15, Series 16 and Series 17 notes, Series 18 notes and the December 2024 hybrid notes described below) are governed under the 2011 Bond Indenture and the Series 15, Series 16, Series 17 and Series 18 notes and the December 2024 hybrid notes described below are governed under the 2021 Bond Indenture. All Canadian Bonds are guaranteed by BEP and the other Canadian Bond Guarantors as described below under “ - 2021 Bond Indenture and Guarantees”. The Canadian Bonds consist of the following fixed rate medium-term notes:

  Medium-term notes              Maturity      Interest Rate      Principal Amount as   
                                                                  at December 31, 2024  
                                                                  (in millions)         
 ────────────────────────────────────────────────────────────────────────────────────────
  Series 4 (C$150 million)           2036              5.84%      C$150 million         
  Series 9 (C$400 million)           2025              3.75%      C$400 million         
  Series 10 (C$500 million)          2027              3.63%      C$500 million         
  Series 11 (C$475 million)          2029              4.25%      C$475