Brookfield Infrastructure Partners, a New York Stock Exchange-listed infrastructure fund managed by Toronto-based Brookfield Asset Management, has closed on a $200 million revolving facility.
The facility refinances an existing credit line. It is comprised of a single tranche that will be available for investments and acquisitions and general corporate purposes, Brookfield said in a statement.
The refinancing comes just days after the firm gained clearance from BNDES, the Brazilian development bank, to exit minority stakes in five related electricity transmission investments in the country.
Proceeds from the sale should be around R$480 million ($243 million; €175 million). The investments have a book value of $195 million, according to an investor relations presentation.
Brookfield Infrastructure Partners, which was established by Brookfield Asset Management, owns electricity transmission systems, timberlands and social infrastructure in North and South America as well as in the UK and Australia.
Brookfield shares ended the day down less than 1 percent, closing on $12.11 per share.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: