Milbank Represents Underwriters in Brookfield Infrastructure Partners C$628 Million Public Offering
Initial Issuance Oversubscribed Resulting in Exercise of C$12.8 Million Over Allotment Option
NEW YORK, December 16, 2009 – Brookfield Infrastructure Partners L.P. (“Brookfield Infrastructure”) recently completed a C$615 million public offering of limited partnership units. Milbank, led by partner James H. Ball, Jr., represented Credit Suisse and the other underwriters in negotiating and structuring the transaction. Proceeds from the offering were used to finance Brookfield Infrastructure’s participation in the restructuring and recapitalization of Babcock & Brown Infrastructure, an Australian-based, publicly-traded infrastructure group.
Brookfield Infrastructure, which is listed on the New York Stock Exchange (NYSE: BIP) and the Toronto Stock Exchange (TSX: BIP), was formed by Brookfield Asset Management to own and operate certain infrastructure assets on a global basis. Its current business consists of the ownership and operation of electricity transmission systems, timberlands and social infrastructure in North and South America, the United Kingdom and Australia.
In addition to Global Securities partner James H. Ball, Jr., the Milbank team representing Credit Suisse and the underwriters included Global Securities associates Trevor K. Truman and Karin Kringen, Tax partner Andrew Walker and Tax associate Joanna Grossman.