Company: BBU
Filing Date: 2025-03-10
Form Type: 424B3
Source: 0001104659-25-022184
Chunk: 6

Company: Brookfield Business Partners L.P.
Filing Date: 2025-03-10
Form: 424B3
Chunk 6
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our amended and restated master services agreement dated January 23, 2024 among Brookfield, the partnership, Holding LP and others (the “

#### Master Services Agreement
”) and our other arrangements with Brookfield do not impose on Brookfield any fiduciary duties to act in the best interests of our unitholders;

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conflicts of interest between our company and our unitholders, on the one hand, and Brookfield, on the other hand;

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our arrangements with Brookfield may contain terms that are less favorable than those which otherwise might have been unrelated parties;

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the general partner may be unable or unwilling to terminate our Master Services Agreement;

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the limited liability of, and our indemnification of, the partnership’s service providers;

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Brookfield’s relationship with Oaktree Capital Group, LLC, together with its affiliates;

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our company is a holding entity that relies on its subsidiaries to provide us with the funds necessary to our financial obligations;

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we may be subject to the risks commonly associated with a separation of economic interest from control or the incurrence of debt at multiple levels within an organizational structure;

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our company may become regulated as an investment company under the U.S. Investment Company Act of 1940, as amended;

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the inability of unitholders to vote on or otherwise take part in the management of Brookfield Business Partners;

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future sales or issuances of our securities will result in dilution of existing holders and even the perception of such sales or issuances taking place could depress the trading price of the units or exchangeable shares;

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limits on unitholders’ ability to obtain favorable judicial forum for disputes related to Brookfield Business Partners or to enforce judgements against us;

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changes in tax law and practice; and

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other risks and factors described under the heading “Risk Factors” in this prospectus, any prospectus supplement, and in our Annual Report on Form 20-F for the fiscal year ended December 31, 2023, filed with the SEC on March 1, 2024 (our “

#### Annual Report on Form 20-F
”), including, but not limited to, those described under Item 3.D. “Risk Factors”.

Statements relating to “reserves” are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described herein can be profitably produced in the future. We qualify any and all of