Company: BEP
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001533232-25-000006
Chunk: 247

Company: Brookfield Renewable Partners L.P.
Filing Date: 2025-02-28
Form: 20-F
Item: Item 4
Chunk 247
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 completed non-recourse financings associated with our assets for aggregate proceeds of approximately $10 billion. For additional information, see the consolidated statement of cash flows and Note 14 - Borrowings in our audited annual consolidated financial statements.

Corporate Financings

In January 2024, Brookfield Renewable issued C$400 million of Series 17 medium-term notes (green bonds) at a fixed rate of 5.318%. The Series 17 medium-term notes are fully and unconditionally guaranteed by BEP and certain of its subsidiaries.

In March 2024, NA Holdco issued $150 million of green Series 3 Perpetual Notes at a fixed rate of 7.250%. The Series 3 Perpetual Notes are fully and unconditionally guaranteed by BEP, and are also guaranteed by each of the other Perpetual Note Guarantors.

In July 2024, Brookfield Renewable issued C$400 million of medium-term notes (green bonds), comprised of C$100 million aggregate principal amount of Series 17 Notes medium-term notes issued as a re-opening on identical terms, other than issue date and the price to the public, and C$300 million of Series 18 medium-term notes at a fixed rate of 4.959%. The Series 17 and Series 18 medium-term notes are fully and unconditionally guaranteed by BEP and certain of its subsidiaries.

In December 2024, Brookfield Renewable issued C$200 million of reset rate green subordinated hybrid notes at an initial fixed rate of 5.450%. The hybrid notes are fully and unconditionally guaranteed by BEP and certain of its subsidiaries.

Other

In December 2024, the TSX accepted a notice of BRP Equity’s intention to renew its normal course issuer bid, which permits BRP Equity to repurchase up to 10% of the total public float (calculated on December 5, 2024) of each series of its issued and outstanding Class A Preference Shares for a one-year period. Also, in December 2024, the TSX accepted a notice of BEP's intention to renew its normal course issuer bid for its Preferred Units, which permits BEP to repurchase up to 10% of the public float (calculated on December 5, 2024) of each series of its issued and outstanding Preferred Units for a one-year period.

In December 2024, the TSX accepted a notice of BEP’s intention to renew its normal course issuer bid, which permits BE