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Brookfield Renewable Power to redeem 8.75% medium-term notes due 2012
By Melissa Kory
Cleveland, Oct. 7 - Brookfield Renewable Power Inc. plans to redeem its 8.75% series 5 medium-term notes due Feb. 3, 2012 with the proceeds from an offering of up to C$500 million of new medium-term notes.
Other proceeds from the offering will be used for general corporate purposes.
Toronto-based Brookfield Renewable Power, owned by Brookfield Asset Management Inc., is an owner, operator and developer of hydroelectric power facilities. Its operations are primarily located in North America and Brazil.
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