Company: BIP-PB
Filing Date: 2025-03-24
Form Type: 20-F
Source: 0001628280-25-014380
Chunk: 209

Company: Brookfield Infrastructure Partners L.P.
Filing Date: 2025-03-24
Form: 20-F
Item: Item 4
Chunk 209
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 existing liquidity and capital recycling program to fund acquisitions and prudently access capital markets if capital deployment exceeds our expectations. As we grow our asset base, we expect to primarily target acquisitions in the following infrastructure sectors:

• Utilities: electricity, gas and water distribution, commercial and residential energy infrastructure; and transmission operations;

• Transport: railroads, container terminals and related infrastructure, toll roads and airports;

•Midstream: pipelines and gathering, processing and storage operations; and

• Data: integrated or stand-alone data operations, telecommunication towers, fiber networks and data centers.

An integral part of our acquisition strategy is to participate along with institutional investors and Brookfield-sponsored private funds that target acquisitions that suit our profile. We intend to focus on transactions and partnerships where Brookfield has sufficient influence or control to deploy our operations-oriented approach. Brookfield has a strong track record of leading such investments.

Brookfield has agreed that it will not sponsor transactions that are suitable for us in the infrastructure sector unless we are given an opportunity to participate. See Item 7. B “ Related Party Transactions - Relationship Agreement”. Since Brookfield has large, well-established operations in real estate and renewable power that are separate from us, Brookfield will not be obligated to provide us with any opportunities in these sectors.

Capital Recycling Strategy

One of the key sources of capital in our partnership’s overall funding plan are proceeds from the disposition of mature assets. We believe that the re-investment of proceeds from the sale of mature, de-risked businesses into higher yielding investment strategies is one of the best ways to enhance returns for unitholders. Capital recycling also provides an alternative form of funding, that supplements capital raises in the public debt and equity markets. Our partnership has established a strong track record of recycling capital through the full or partial divestment of over 30 businesses since inception. These sales have generated approximately $9 billion of total proceeds which represents a significant premium to our partnership’s previously recorded carrying value.

Intellectual Property

Our partnership and the Holding LP have each entered into a Licensing Agreement with Brookfield

pursuant to which Brookfield has granted a non-exclusive, royalty-free license to use the name “ Brookfield” and the Brookfield logo. Other than under this limited license, we do not have a legal right to the “ Brookfield” name and the Brookfield logo in the United States and Canada. Brookfield may terminate the Licensing Agreement immediately upon termination of our Master Services Agreement and it may be terminated in the circumstances described under Item 7. B “ Related