BROOKFIELD, NEWS, July 15, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable (NYSE:BEP, BEPC, TSX:BEP, BEPC)) ("Brookfield Renewable") today announced that it has agreed to issue C$400 million aggregate principal amount of medium-term notes (the "Notes"), comprised of C$100 million aggregate principal amount of Series 17 Notes (the "Series 17 Notes"), due January 10, 2054, with an effective interest rate1 of 5.417% and C$300 million aggregate principal amount of Series 18 Notes (the "Series 18 Notes"), due October 20, 2034, which will bear interest at a rate of 4.959% per annum. The Series 17 Notes will be issued as a re-opening on identical terms, other than issue date and the price to the public, to the C$400 million principal amount of 5.318% Series 17 Notes that were issued in January 2024. The Series 17 Notes will be issued at a price of C$98.549, plus accrued interest. Brookfield Renewable Partners ULC, a subsidiary of Brookfield Renewable, will be the issuer of the Notes, which will be fully and unconditionally guaranteed by Brookfield Renewable and certain of its key holding subsidiaries. The Notes will be issued pursuant to a base shelf prospectus dated September 8, 2023 and a related prospectus supplement and pricing supplements to be dated July 15, 2024. The issue is expected to close on or about July 17, 2024 subject to customary closing conditions. The Series 18 Notes will represent Brookfield Renewable's fourteenth green labelled corporate securities issuance in North America and the third issuance under Brookfield Renewable's 2024 Green Financing Framework (the "Green Financing Framework"). Brookfield Renewable intends to use the net proceeds from the sale of the Notes to fund Eligible Investments (as defined in the Green Financing Framework), including to repay indebtedness incurred in respect thereof. The Green Financing Framework is available on Brookfield Renewable's website and described in the prospectus supplement in respect of the offering. The Notes have been rated BBB+ by S&P ...