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Brookfield Infrastructure closes credit facility

By Associated Press
June 18, 2008 | Comments (0)

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Brookfield Infrastructure Partners LP said Wednesday that Brookfield Infrastructure LP closed on a previously disclosed $450 million revolving credit facility with a syndicate of financial institutions.

Brookfield Infrastructure plans to use the credit facility for general corporate working capital purposes and to fund growth capital investments and acquisitions.

The company said the facility will be available on a revolving basis until June 13, 2009, unless it is extended.

Amounts outstanding under the facility will be repayable in full on June 13, 2011.

Brookfield Infrastructure Partners LP owns and operates electricity transmission systems and timberlands in North and South America. It was set up by Brookfield Asset Management Inc.

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