Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) announced its agreement to sell $700 million in medium-term notes, comprising $500 million of Series 13 Notes due July 27, 2030, at a 5.710% annual interest rate, and $200 million of Series 14 Notes due July 27, 2053, at a 5.950% annual interest rate. These notes will be managed by its subsidiary, Brookfield Infrastructure Finance ULC, which will also handle principal and interest payments. Brookfield Infrastructure and its key holding subsidiaries fully and unconditionally guarantee the notes.

The issuance aligns with a base shelf prospectus dated January 10, 2023, and subsequent supplements planned for July 25, 2023. This transaction is set to conclude around July 27, 2023, following standard closing conditions. The proceeds from this sale are earmarked for refinancing Brookfield Infrastructure's existing debts.

The offering is conducted through a syndicate led by Scotiabank, BMO Capital Markets, RBC Capital Markets, CIBC Capital Markets, National Bank, and TD Securities.