Date Closed

February 22, 2013

Lead Office

Toronto

Value

450.00 Million CAD

On February 22, 2013, Brookfield Renewable Energy Partners announced the completion of a C$450 million offering for its Comber Wind farm in Essex County, Ontario. The bond issuance was Canada's first broadly marketed and rated wind financing. The Senior Bonds bear an all-in interest rate of 5.13% and fully amortize over a period of 17.7 years. The bonds are rated BBB by DBRS.

The 166 MW Comber Wind farm entered commercial operation in the fall of 2011 and benefits from a 20-year Power Purchase Agreement with the Ontario Power Authority.

Scotia Capital acted as sole lead and bookrunner.

Brookfield Renewable Energy Partners, headquartered in Gatineau, Québec, is a global alternative asset manager, with a focus on property, renewable energy, infrastructure and private equity.

McCarthy Tétrault LLP represented Scotia Capital, the sole lead and bookrunner, with a team led by Stephen Furlan.