Brookfield Business Partners Announces $795 Million Equity Offering
Brookfield Business Partners L.P. Limited Partnership Units (BBU)
Last brookfield business partners l.p. limited partnership units earnings: 2/6 06:45 am
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bbu.brookfield.com/en
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Source: GlobeNewswire
All amounts in U.S. dollars BROOKFIELD, News, June 20, 2019 (GLOBE NEWSWIRE) -- Brookfield Business Partners L.P. (NYSE:BBU; TSX:BBU.UN) (“Brookfield Business Partners”) today announced that it has agreed to issue 8,760,000 limited partnership units (“units”), on a bought deal basis, to a syndicate of underwriters co-led by TD Securities Inc., Scotiabank, BMO Capital Markets, Credit Suisse (Canada) Inc. and HSBC Securities (Canada) Inc. (collectively, the “Underwriters”) at a price of $39.40 per unit (the “Offering Price”) for gross proceeds of approximately $345 million (the “Offering”). In addition, Brookfield Asset Management Inc. (NYSE:BAM; TSX:BAM.A; Euronext:BAMA) and certain of its related entities (other than Brookfield Business Partners) (collectively, “Brookfield”) will, concurrent with the Offering, purchase, directly or indirectly, 6,610,000 redemption-exchange units of Brookfield Business Partners’ holding limited partnership (“REUs”) at the Offering Price (net of und
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