Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 363

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 19
Chunk 363
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able shares held an aggregate 25.0 7.4 17.6 82.4

The following describes the agreements resulting from the special distribution:

i) BIHC exchangeable shares

At any time, holders of BIHC exchangeable shares had the right to exchange all or a portion of their exchangeable shares for one one

Our board had the right upon sixty (60) days’ prior written notice to holders of BIHC exchangeable shares to redeem all of the then outstanding BIHC exchangeable shares at any time and for any reason, in its sole discretion and subject to applicable law, including without limitation following the occurrence of certain redemption events.

ii) BIHC class B shares and class C shares

At any time, holders of BIHC class B shares and class C shares will have the right to redeem for cash in an amount equal to the market price of a unit. Due to this cash redemption feature, both BIHC class B shares and class C shares are classified as financial liabilities.

F-14 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  

iii) Credit facilities

Prior to the special distribution, BIHC entered into two ten-year 1 1 1

Further details of the credit agreements with Brookfield Infrastructure are described in Note 23, Related Party Transactions.

iv) Equity Commitment

Prior to the completion of the special distribution, Brookfield Infrastructure provided BIHC an equity commitment in the amount of $ 1 25.00

The rationale for the equity commitment is to provide BIHC with access to equity capital on an as-needed basis and to maximize our operating and financing flexibility.

NOTE 2. SUBSIDIARIES

The following table presents details of non-wholly owned subsidiaries of our company as of December 31 for the years indicated:

                                                                                                    Country of         Effective Ownership Interest (%)                          Voting Interest (%)            
                                                                                                    incorporation                                                                                               
  Defined Name                                        Name of entity                                                                               2024      2023      2022                     2024      2023  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  U. K. regulated distribution operation              BUUK Infrastructure No 1 Limited