Company: BIPC
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014377
Chunk: 98

Company: Brookfield Infrastructure Corp
Filing Date: 2025-03-24
Form: 20-F
Item: Item 5
Chunk 98
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 of December 31, 2024, our group’s total liquidity was $5,483 million (2023: 5,211 million).

Brookfield Infrastructure Corporation 87

We finance our assets principally at the operating company level with debt that generally has long-term maturities, few restrictive covenants and no recourse to either our company or our other operations.

On a consolidated basis as of December 31, 2024, scheduled principal repayments over the next five years are as follows:

  US$ MILLIONS                Average Term (years)      2025      2026      2027      2028      2029      Beyond  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Non-recourse borrowing                         7      $         $         $         $         $         $       

As discussed in the notes to our consolidated financial statements for the year ended December 31, 2024, in connection with the Arrangement, our company as borrower, entered into a credit agreement with Brookfield Infrastructure, as lender, pursuant to which Brookfield Infrastructure established a revolving credit facility in the aggregate principal amount of $ 150

FINANCIAL INSTRUMENTS

Foreign Currency Hedging Strategy

To the extent that we believe it is economic to do so, our strategy is to hedge a portion of our equity investments and/or cash flows exposed to foreign currencies by our company. The following key principles form the basis of our foreign currency hedging strategy:

• We leverage any natural hedges that may exist within our operations

• We utilize local currency debt financing to the extent possible

• We may utilize derivative contracts to the extent that natural hedges are insufficient

Most of the foreign exchange exposure of our group is hedged directly by the partnership and therefore, as of December 31, 2024, our company has $nil (December 31, 2023: $nil) corporate foreign exchange contracts in place to hedge against foreign currency risk.

The following table presents our exposure to foreign currencies as of December 31, 2024.

  US$ MILLIONS      Equity Investment - US$             
  GBP               $                            1,867  
  BRL               (717)                               
  EUR & Others      16                                  
                    $                            1,166  

(1) During the year ended December 31, 2024, our Brazilian regulated distribution operation completed a dividend recapitalization of $1.7 billion.

For additional information