Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 263

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 5
Chunk 263
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 be subject to limitations on their ability to declare and pay dividends to our partnership. However, no significant limitations existed at December 31, 2024 and 2023.

Our group-wide liquidity at December 31, 2024 consisted of the following:

                                                                              As of                                                           
  US$ MILLIONS                                                                December 31, 2024                 December 31, 2023             
  Corporate cash and financial assets                                         $                        276      $                        812  
  Committed corporate credit facility (1)                                                            2,225                             2,175  
  Subordinate corporate credit facility                                                              1,000                             1,000  
  Draws under corporate credit facility (1)                                   (300)                             (222)                         
  Commitments under corporate credit facility                                 (10)                              (8)                           
  Commercial paper (1)                                                        (850)                             (989)                         
  Partnership’s share of cash retained in businesses                                                 1,525      984                           
  Partnership’s share of availability under subsidiary credit facilities                             1,617                             1,459  
  Group-wide liquidity                                                        $                      5,483      $                      5,211  

(1) Includes a $2.2 billion committed corporate credit facility (2023: $2.2 billion). As of December 31, 2024, draws on our corporate credit facility were $300 million (2023: $222 million) and we had commercial paper outstanding of $850 million (2023: $989 million).

At December 31, 2024, our partnership’s group-wide liquidity is sufficient to meet its present requirements. We finished the year with group-wide liquidity of approximately $5.5 billion, an increase from $5.2 billion at December 31, 2023. At the corporate level, we ended 2024 with $2.3 billion of liquidity, a decrease of $0.4 billion compared to the prior year. The decrease was due to corporate cash and financial assets being used to fund recent acquisitions.

We finance our assets principally at the operating company level with local currency debt that generally has long-term maturities, few restrictive covenants and no recourse to either Brookfield Infrastructure or our other operations.

On a consolidated basis as of December 31, 2024, scheduled principal repayments over the next five years are as follows:

  US$ MILLIONS                  Average Term (years)      2025                                                           
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