Company: BBU
Filing Date: 2025-02-28
Form Type: F-3
Source: 0001104659-25-019207
Chunk: 22

Company: Brookfield Business Partners L.P.
Filing Date: 2025-02-28
Form: F-3
Chunk 22
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 the general partner may use such authority to issue such additional partnership securities, which would dilute holders of such securities, or to issue securities with rights and privileges that are more favorable than those of units.

The sale or issuance of a substantial number of exchangeable shares, units or other equity securities of BBUC or the partnership in the public markets, or the perception that such sales or issuances could occur, could depress the market price of units and impair the partnership’s ability to raise capital through the sale of additional units. We cannot predict the effect that future sales or issuances of exchangeable shares, units or other equity securities would have on the market price of units. Subject to the terms of any of our securities then outstanding, holders of units will not have any pre-emptive right or any right to consent to or otherwise approve the issuance of any securities or the terms on which any such securities may be issued.

The Rights Agreement may terminate on March 15, 2027.

This Rights Agreement will terminate on March 15, 2027 unless the Rights Agreement is otherwise terminated pursuant to its terms. After such date, holders of exchangeable shares may no longer have the benefit of protections provided for by the Rights Agreement and will be reliant on the rights provided for in the BBUC articles. In the event that BBUC or the partnership fails to satisfy a request for exchange after the expiry of the Rights Agreement, a tendering holder will not be entitled to rely on the Secondary Exchange Rights (as defined herein). See “ Exchange of Exchangeable Shares for Units — Secondary Exchange Rights ”.

### USE OF PROCEEDS
None of the partnership, BBUC or the selling securityholder will receive any cash proceeds from the issuance or delivery of any units upon exchange, redemption or acquisition, as applicable, of exchangeable shares pursuant to this prospectus. See “ Exchange of Exchangeable Shares for Units ” below.

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TABLE OF CONTENTS

CAPITALIZATION The following table sets forth the partnership’s capitalization as at September 30, 2024. Our capitalization set forth below does not reflect transactions occurring after September 30, 2024, as described in the footnotes below. You should read this table in conjunction with the financial statements and pro forma financial information that are incorporated by reference in this prospectus.

| US$ MILLIONS, EXCEPT PER UNIT AMOUNTS                         
 Liabilities                                                   | ​ 
 ​ | ​ 
 ​ | As atSeptember 30,2024(1)