Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 303

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 4
Chunk 303
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 the Perpetual Notes Indenture, BEP is restricted on paying distributions on its LP units as well as its Preferred Units, and from paying interest on certain indebtedness. The Series 1 Perpetual Notes, the Series 2 Perpetual Notes and the Series 3 Perpetual Notes are redeemable at NA Holdco’s option on or after April 30, 2026, December 9, 2026, and March 25, 2029 respectively. The Perpetual Notes are also redeemable in connection with certain ratings and tax events. The proceeds of the Perpetual Notes have been and will be used to finance and/or refinance investments made in renewable power generation assets or businesses and to support the development of clean energy technologies that constitute eligible green investments, including, in the case of the Series 1 Perpetual Notes, redemption of the Series 9 Preferred Units, in the case of the Series 2 Perpetual Notes (1) the redemption of the Series 5 Preferred Units, and (2) the redemption of the Series 11 Preferred Units, and in the case of the Series 3 Perpetual Notes, redemption of the Series 15 Preferred Units.

In addition to the approximately $760 million aggregate principal amount of publicly issued Perpetual Notes, NA Holdco indirectly holds most of Brookfield Renewable’s North American operating assets as well as its interest in BEPC. The Perpetual Notes are guaranteed by the Perpetual Note Guarantors.

Inter-Corporate Relationships

The following table provides the name, the percentage of voting securities owned, controlled or directed, directly or indirectly, by us, and the jurisdiction of incorporation, continuance, formation or organization of our significant subsidiaries as atDecember 31, 2024.

                                                        Jurisdiction of Incorporation or Organization      Percentage of voting securities owned or controlled (%)  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  BP Brazil US Subco LLC                                Delaware                                                                                               100  
  Brookfield BRP Canada Corp.                           Ontario                                                                                                100  
  Brookfield BRP Europe Holdings (Bermuda) Limited      Bermuda                                                                                                100  
  Brookfield Power US Holding America Co.               Delaware                                                                                               100  
  Isagen S. A. E. S. P. (1)                             Colombia                                                                                              99.7  
  TerraForm Power Parent, LLC (1)                       New York