Company: BBU
Filing Date: 2025-02-28
Form Type: F-3
Source: 0001104659-25-019207
Chunk: 4

Company: Brookfield Business Partners L.P.
Filing Date: 2025-02-28
Form: F-3
Chunk 4
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 symbol “BBU” and the Toronto Stock Exchange (“

#### TSX
**”) under the symbol “BBU.UN.”

Investing in the units involves risks. Please see “**

#### Risk Factors
**” beginning on page 4of this prospectus, and in similarly-captioned sections in the documents incorporated by reference herein, for a discussion of risk factors you should consider before investing in the units.

Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense.**

#### The date of this prospectus is           , 2025
TABLE OF CONTENTS

TABLE OF CONTENTS

| ​ | ABOUT THIS PROSPECTUS                                            | ​ | ​ | ​ | ​ |  ii | ​ | ​ |
| ​ | CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION            | ​ | ​ | ​ | ​ | iii | ​ | ​ |
| ​ | SUMMARY                                                          | ​ | ​ | ​ | ​ |   1 | ​ | ​ |
| ​ | RISK FACTORS                                                     | ​ | ​ | ​ | ​ |   4 | ​ | ​ |
| ​ | USE OF PROCEEDS                                                  | ​ | ​ | ​ | ​ |   7 | ​ | ​ |
| ​ | CAPITALIZATION                                                   | ​ | ​ | ​ | ​ |   8 | ​ | ​ |
| ​ | EXCHANGE OF EXCHANGEABLE SHARES FOR UNITS                        | ​ | ​ | ​ | ​ |   9 | ​ | ​ |
| ​ | DESCRIPTION OF THE PARTNERSHIP’S CAPITAL STRUCTURE               | ​ | ​ | ​ | ​ |  16 | ​ | ​ |
| ​ | COMPARISON OF RIGHTS OF HOLDERS OF EXCHANGEABLE SHARES AND UNITS | ​ | ​ | ​ | ​ |  17 | ​ | ​ |
| ​ | SELLING SECURITYHOLDER                                           | ​ | ​ | ​ | ​ |  17 | ​ | ​ |
| ​ | PLAN OF DISTRIBUTION                                             | ​ | ​ | ​ | ​ |  18 | ​ | ​ |
| ​ | MATERIAL UNITED STATES FEDERAL INCOME TAX CONSIDERATIONS         | ​ | ​ | ​ | ​ |  18 | ​ | ​ |
| ​ | MATERIAL CANADIAN F