Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 409

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 7
Chunk 409
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 rate that would otherwise be available to it in similar transactions on an arms’ length basis with unrelated parties. Each of Brookfield and Brookfield Infrastructure must ensure that there is sufficient liquidity available to cover the amount of any deposits from the other in the event they are called for repayment.

Conflicts of interest arising for Brookfield under this arrangement have been approved by our General Partner’s independent directors in accordance with our protocol for managing and resolving potential conflicts of interest.

In addition, from time to time, Brookfield Infrastructure may enter into short-term arrangements with portfolio companies or Brookfield Accounts in which we invest (collectively, “Depositing Parties”) that permit such entities to place funds on deposit with Brookfield Infrastructure on the terms described below or otherwise approved by the independent directors of our General Partner. Interest earned or incurred on such deposits must fall between the interest rate that would otherwise be payable by Brookfield Infrastructure under our commercial paper program or credit facilities with unrelated parties and the interest rate that would otherwise be available to the applicable Depositing Party in similar transactions on an arms’ length basis with unrelated parties. As at December 31, 2024, our net deposit from such Depositing Parties was approximately $657 million and Brookfield Infrastructure incurred interest expenses relating to such arrangements of approximately $6 million for the year ended December 31, 2024. Brookfield Infrastructure must ensure that there is sufficient liquidity available to cover the amount of any deposits from Depositing Parties in the event they are called for repayment.

Brookfield Infrastructure 249

This arrangement is intended to enhance the use of excess funds of the applicable Depositing Party when Brookfield Infrastructure has a business need for the capital (including, without limitation, to fund operating and/or investment activities and/or to pay down higher cost capital), and provides: (i) to the applicable Depositing Party, a higher rate of return on the funds than it otherwise would be able to achieve in the market and (ii) to Brookfield Infrastructure, a lower cost of funds than it otherwise would be able to obtain in the market. Accordingly, each of the Depositing Party and Brookfield Infrastructure benefits from these arrangements.

Conflicts of interest arising for Depositing Parties under this arrangement have been approved by our General Partner’s independent directors in accordance with our protocol for managing and resolving potential conflicts of interest.

• Arrangements with Brookfield. Our relationship with Brookfield involves a number of arrangements pursuant to which Brookfield provides various services to Brookfield Infrastructure, including access to financing arrangements and investment opportunities, and Brook