Company: BBU
Filing Date: 2025-03-10
Form Type: 424B3
Source: 0001104659-25-022184
Chunk: 11

Company: Brookfield Business Partners L.P.
Filing Date: 2025-03-10
Form: 424B3
Chunk 11
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 consideration of approximately $1.7 billion. The investment was funded with approximately

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$830 million of equity and $860 million of subsidiary debt financing. Our economic interest in the investment is approximately 25%.

Advanced Energy Storage Operation

In January 2025, our advanced energy storage operation raised $5 billion of new first lien debt. $4.5 billion of the proceeds were used to fund a special distribution to owners, of which the partnership’s share was approximately $1.2 billion.

Offshore Oil Services

On January 16, 2025, our offshore oil services completed the previously announced sale of its shuttle tanker operation for consideration of approximately $484 million. Please see the unaudited pro forma financial statements included in the Form 6-K filed by the partnership on February 28, 2025, which is incorporated by reference herein.

Unit Repurchase Program

On August 15, 2024, the TSX accepted a notice of the partnership’s intention to renew its normal course issuer bid (“

#### NCIB
”) in connection with our units, which permits the partnership to repurchase up to 3,714,088 issued and outstanding units. In January 2025, we allocated up to $250 million of capital to accelerate the repurchase of our securities under our existing NCIB. The price to be paid for our units under the NCIB will be the market price at the time of purchase or such other price as may be permitted. The actual number of units to be purchased and the timing of such purchases will be determined by the partnership, and all purchases will be made through the facilities of the TSX and the NYSE or alternative trading systems in Canada and the United States.

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### RISK FACTORS
An investment in units involves a high degree of risk. Before making an investment decision, you should carefully consider the risks incorporated by reference from our Annual Report on Form 20-F and the other information incorporated by reference in this prospectus, as updated by our subsequent filings with the SEC, pursuant to Sections 13(a), 14 or 15(d) of the Exchange Act of 1934, as amended (the “

#### Exchange Act
”), which are incorporated in this prospectus. See “ Where You Can Find More Information ” and “ Incorporation by Reference ”. The risks and uncertainties described therein and herein are not the only risks and uncertainties we