Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 396

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 396
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2  

On March 28, 2023, a subsidiary of our company entered into a loan agreement with an affiliate of Brookfield for total proceeds of $ 250 200 8 14

On March 28, 2023, our company entered into a loan agreement (as lender) with Brookfield Infrastructure for $ 250 200 57 210 475 10 14

On May 24, 2024, our company entered into an additional loan agreement (as lender) with Brookfield Infrastructure as part of a non-cash transaction for $ 24 17 43 210 475 1

As at December 31, 2024, the balance outstanding on our deposit with Brookfield Infrastructure was $ 1,178 1,038 nil 26 26 0.2 3 1 nil 1

On May 24, 2024, our company entered into loan agreements with Brookfield Infrastructure as part of a non-cash transaction for total cumulative proceeds of $ 100 210 475 4

As at December 31, 2024, our company had accounts payable of $ 30 10 19 19

F-56 Brookfield Infrastructure Corporation

  BROOKFIELD INFRASTRUCTURE CORPORATION                                                      
  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS                                                 
  As of December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022  

On August 31, 2023, our company sold its 7.9 435 32 28

NOTE 24. DERIVATIVE FINANCIAL INSTRUMENTS

Our company’s activities expose it to a variety of financial risks, including market risk (i. e. currency risk, interest rate risk, commodity risk and other price risk), credit risk and liquidity risk. Our company selectively uses derivative financial instruments principally to manage these risks.

The aggregate notional amount of our company’s derivative positions at December 31, 2024 and 2023 were as follows:

                                               As of December 31,                                  
  US$ MILLIONS                       Note      2024                               2023             
 ───────────────────────────────────────────────────────────────────────────────────────────────────
  Interest rate swaps and other      (a)       $                       2,556      $         2,946  
                                               $                       2,556      $         2,946