Brookfield Renewable Corp (BEPC) Form 6-K — Jun 2, 2026
Brookfield Renewable Partners L.P. and Brookfield Renewable Corporation announced a bought-deal offering of 6 million Series 19 Preferred Limited Partnership Units at C$25.00 per unit, generating gross proceeds of C$150 million. The preferred units carry a cumulative quarterly fixed distribution rate of 5.75% for the initial period ending July 31, 2031, after which the rate resets every five years based on the 5-year Government of Canada bond yield plus 2.65% or 5.75%, whichever is greater. Underwriters have been granted an option to purchase up to an additional 2 million units, which would increase the total offering size to C$200 million.
Key figures
- Gross Proceeds
- C$150,000,000
- Offering Price
- C$25.00
- Shares Offered
- 6,000,000
- Currency
- CAD
- Reset spread
- 2.65%
- Greenshoe shares
- 2,000,000
- Distribution rate
- 5.75%
- Greenshoe proceeds
- C$50,000,000
- Total max proceeds
- C$200,000,000
- Initial maturity date
- July 31, 2031
AI analysis
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