Milbank LLP advised the underwriters in connection with a cross-border public offering in the United States and Canada by Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN) of $450 million of its limited partnership units. The follow-on equity offering was completed on a bought-deal basis by the underwriters.
Brookfield Renewable intends to use the net proceeds of the offering, together with the approximate $200 million of proceeds from its concurrent private equity raise, to fund the recently completed acquisition of its increased stake in Isagen S.A., for future investment opportunities, and for general corporate purposes.
The Milbank team was led by Corporate Finance and Securities partner Paul Denaro and included associates Abir Varma, Kendall Langs, Zachary Moon and Daniel Perez-Kowalski. The team also included Alternative Investments partner Catherine Leef Martin and special counsel Joel Cavanaugh, Tax partner Andrew Walker and associate Seth Moreida, and Global Risk & National Security partner Bijan Ganji and associate Brian Murff.
