Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 576

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 19
Chunk 576
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 Equity's intention to renew the normal course issuer bid in connection with its outstanding Class A Preference Shares for another year to December 17, 2025, or earlier should the repurchases be completed prior to such date. Under this normal course issuer bid, BRP Equity is permitted to repurchase up to 10 no

Perpetual subordinated notes

Brookfield Renewable’s perpetual subordinated notes consists:

  (MILLIONS EXCEPT AS NOTED)            Notes      Interest      Earliest permitted redemption date      Interest expense for the year ended      Carrying value as at                    
                                  outstanding      rate (%)                                              December 31                                                                      
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  April 2021                             14.0          4.63      April 2026                              $                                        $                         340      340  
  December 2021                          10.4          4.88      December 2026                           13                                       252                                     
  March 2024                              6.0          7.25      March 2029                              8                                        145                                     
                                         30.4                                                            $                                        $                         737      592  

Distributions paid during the year ended December 31, 2024, totaled $ 37 29$ 27).

During the first quarter of 2024, Brookfield BRP Holdings (Canada) Inc., a wholly-owned subsidiary of Brookfield Renewable, issued $ 150 7.25

  F - 76  

16. PREFERRED LIMITED PARTNERS’ EQUITY

Brookfield Renewable’s preferred limited partners’ equity comprises of Class A Preferred units as follows:

  (MILLIONS, EXCEPT            Shares        Cumulative      Earliest          Distributions declared for the year ended December 31                Carrying value as at                         
  AS NOTED)               outstanding      distribution      permitted                                                                                                                           
                                               rate (%)      redemption                                                                                                                          
                                                             date                                                                                                                                
                                                                                                                                2024      2023      December 31, 2024         December 31, 2023  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Series 7 (C$ 175)              7.00              5.50      January 2026                                                          7         7      128                                     128  
  Series