Company: BBU
Filing Date: 2025-03-10
Form Type: 424B3
Source: 0001104659-25-022184
Chunk: 8

Company: Brookfield Business Partners L.P.
Filing Date: 2025-03-10
Form: 424B3
Chunk 8
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 storage operation and an engineered components manufacturing operation, among others. The partnership’s infrastructure services operations include offshore oil services, a lottery services operation, modular building leasing services and work access services. The partnership’s operations are primarily located in the United States, Europe, Australia, Brazil, Canada and the United Kingdom. The partnership’s sole direct investment is a managing general partnership interest in Brookfield Business L.P. (“

#### Holding LP
”), through which the partnership holds all its interests in its operating businesses.

The units are listed on the NYSE under the symbol “BBU” and the TSX under the symbol “BBU.UN”. For additional information, see our Annual Report on Form 20-F and the other documents that are incorporated by reference into this prospectus.

### Brookfield Business Corporation
BBUC is a corporation incorporated under, and governed by, the laws of British Columbia, Canada. BBUC was established by the partnership to be an alternative investment vehicle for investors who prefer owning the partnership’s operations in a corporate entity. BBUC’s head office is located at 250 Vesey Street, 15th Floor, New York NY 10281 and its registered office is located at 1055 West Georgia Street, Suite 1500, P.O Box 11117, Vancouver, British Columbia V6E 4N7.

The exchangeable shares were distributed to existing unitholders of the partnership pursuant to a special distribution on March 15, 2022 (the “

#### Special Distribution
”). As of February 25, 2025, there were 72,683,978 exchangeable shares issued and outstanding. Each exchangeable share has been structured with the intention of providing an economic return equivalent to one unit (subject to adjustment to reflect certain capital events). BBUC will target to pay dividends per exchangeable share that are identical to the distributions paid on each unit, and each exchangeable share will be exchangeable at the option of the holder for one unit (subject to adjustment to reflect certain capital events) or its cash equivalent, as more fully described in this prospectus. Whether the units are issued by the partnership or delivered by BBUC will be determined by us in our sole discretion. Either (i) BBUC will deliver units or its cash equivalent to satisfy its exchange obligation or (ii) the partnership may elect to satisfy BBUC’s exchange obligation by acquiring any tendered exchangeable shares in exchange for units or its cash equivalent. See “ Exchange of Exchangeable Shares for Units — Primary Exchange Rights — Adjust