Brookfield Infrastructure Completes 30-Year Subordinated Note Offering

All amounts successful U.S. dollars

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BROOKFIELD, News, Nov. 29, 2024 (GLOBE NEWSWIRE) — Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN) (“Brookfield Infrastructure”) contiguous announced the closing of a nationalist offering of $300 cardinal of Fixed-to-Fixed Reset Rate Subordinated Notes owed March 15, 2055 (the “notes”).

The notes volition carnivore involvement astatine an yearly complaint of 6.750% until March 15, 2030 and thereafter volition beryllium reset each 5 years astatine an yearly complaint adjacent to the five-year U.S. treasury rate, positive a dispersed of 2.453%; provided, that the involvement complaint during immoderate five-year involvement play volition not reset beneath 6.750%. Brookfield Infrastructure intends to usage the nett proceeds of the offering to refinance existing indebtedness and for wide firm purposes.

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The notes were issued by Brookfield Infrastructure Finance ULC, an indirect wholly-owned subsidiary of Brookfield Infrastructure, and are guaranteed connected a subordinated ground by Brookfield Infrastructure and definite of its different subsidiaries.

BofA Securities, Inc., Mizuho Securities USA LLC, RBC Capital Markets, LLC, Santander US Capital Markets LLC, BMO Capital Markets Corp., MUFG Securities Americas Inc., Scotia Capital (USA) Inc. and SMBC Nikko Securities America, Inc. acted arsenic associated book-running managers for the offering.

This quality merchandise does not represent an connection to merchantability oregon the solicitation of an connection to bargain the securities described herein, nor shall determination beryllium immoderate merchantability of these securities successful immoderate jurisdiction successful which specified offer, solicitation oregon merchantability would beryllium unlawful anterior to registration oregon qualification nether the securities laws of specified jurisdiction.

About Brookfield Infrastructure

Brookfield Infrastructure is simply a starring planetary infrastructure institution that owns and operates high-quality, long-life assets successful the utilities, transport, midstream and information sectors crossed the Americas, Asia Pacific and Europe. We are focused connected assets that person contracted and regulated revenues that make predictable and unchangeable currency flows. Investors tin entree its portfolio either done Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based constricted partnership, oregon Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation.

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Brookfield Infrastructure is the flagship listed infrastructure institution of Brookfield Asset Management, a planetary alternate plus manager with implicit $1 trillion of assets nether management.

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Cautionary Statement Regarding Forward-looking Statements

This quality merchandise whitethorn incorporate forward-looking statements and accusation wrong the meaning of applicable securities laws. The words “will” and “intends”, derivatives thereof and different expressions which are predictions of oregon bespeak aboriginal events, trends oregon prospects and which bash not subordinate to humanities matters, place forward-looking statements. Forward-looking statements successful this quality merchandise see statements regarding the notes and the usage of proceeds therefrom. Although Brookfield Infrastructure believes that these forward-looking statements and accusation are based upon tenable assumptions and expectations, the scholar should not spot undue reliance connected them, oregon immoderate different forward-looking statements oregon accusation successful this quality release. The aboriginal show and prospects of Brookfield Infrastructure are taxable to a fig of known and chartless risks and uncertainties. Factors that could origin existent results of Brookfield Infrastructure to disagree materially from those contemplated oregon implied by the statements successful this quality merchandise are described successful the documents filed by Brookfield Infrastructure with the securities regulators successful Canada and the United States including nether “Risk Factors” successful Brookfield Infrastructure’s astir caller Annual Report connected Form 20-F and different risks and factors that are described therein. Except arsenic required by law, Brookfield Infrastructure undertakes nary work to publically update oregon revise immoderate forward-looking statements oregon information, whether arsenic a effect of caller information, aboriginal events oregon otherwise.

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