Milbank, Tweed, Hadley & McCloy LLP acted as US counsel to the underwriters in an approximately $600.7 million public offering of limited partnership units by Brookfield Infrastructure Partners L.P. (“BIP”). BIP sold 12,000,000 limited partnership units at $45.00 per unit. Due to strong investor demand, the public offering was upsized shortly after launch and the underwriters exercised their over-allotment option for an additional 1,335,000 units.
The public offering was conducted in the US and Canada pursuant to concurrent registrations with the U.S. Securities and Exchange Commission, and the securities regulatory authorities in each of the provinces and territories in Canada.
Credit Suisse Securities (Canada), Inc., HSBC Securities (Canada) Inc., RBC Dominion Securities Inc., TD Securities Inc., Barclays Capital Canada Inc., CIBC World Markets Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., J.P. Morgan Securities Canada Inc., Merrill Lynch Canada Inc., National Bank Financial Inc., Raymond James Ltd. and Dundee Securities Ltd. acted as underwriters.
The Milbank team was led by Global Securities partners Rod Miller and Paul Denaro, Tax partner Leah Karlov and associates Okeoma Moronu, Matt Kusel and Will Reiter.
BIP, a NYSE and TSX-listed company, owns and operates utilities, transport and energy assets in North and South America, Australia and Europe.
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