Company: BEP
Filing Date: 2025-11-12
Form Type: 424B5
Source: 0001193125-25-275856
Chunk: 15

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-11-12
Form: 424B5
Chunk 15
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885,110 class A.1 exchangeable subordinate voting shares of BRHC
(“ClassA.1 Shares”) outstanding. All of the issued and outstanding Class A.1 Shares are held by BEPC. Each Class A.1 Share is exchangeable at the option of a holder for one LP Unit (subject to
adjustment to reflect certain capital events) or its cash equivalent (the form of payment to be determined at the election of BRHC). On December 24, 2024, BEPC, BRHC and the Partnership entered into a pairing agreement (the “Pairing Agreement”) pursuant to which the parties agreed that BEPC will at all times hold such number of Class A.1 Shares equal to the number of Exchangeable Shares outstanding in order to support the duties and obligations of BEPC to holders
of the Exchangeable Shares. The Pairing Agreement provides, amongst other things, and unless otherwise agreed at such time, that, (i) if and to the extent BEPC raises funds from time to time by way of issuance of Exchangeable Shares for cash,
BEPC will utilize such funds to subscribe for an equivalent number of Class A.1 Shares; (ii) if and to the extent BEPC from time to time repurchases any Exchangeable Shares, BRHC shall redeem (or otherwise repurchase from BEPC) an
equivalent number of Class A.1 Shares; (iii) BRHC will not, unless substantially concurrent with the redemption of Exchangeable Shares by BEPC, redeem any Class A.1 Shares held by BEPC; (iv) if and to the extent any holders of
Exchangeable Shares from time to time

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exercise their exchange right in respect of such Exchangeable Shares, and in connection therewith the Partnership does not exercise its overriding call right to acquire such Exchangeable Shares,
BEPC will, in connection therewith, exercise the exchange right in respect of an equivalent number of Class A.1 Shares held by BEPC; (v) BEPC will not exercise the exchange right in respect of any Class A.1 Shares held by BEPC except
as contemplated in (iv) above; and (vi) if and to the extent a holder of Class A.2 Shares exchanges its Class A.2 Shares for Exchangeable Shares, BRHC will, upon receipt of such Class A.2 Shares, exercise its right to
convert such Class A.2 Shares into Class A.1 Shares.

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CONCURRENT PRIVATE PLACEMENT