United States: Milbank Represents Underwriters In $479 Million Public Offering Of Limited Partnership Units By Brookfield Infrastructure Partners L.P.
Last Updated: November 4 2011

NEW YORK, October 28, 2011 International law firm Milbank, Tweed, Hadley & McCloy, LLP, led by Global Securities partners Douglas A. Tanner and Paul Denaro, acted as US counsel to the underwriters in a $479 million public offering of limited partnership units by Brookfield Infrastructure Partners L.P. ("BIP"). The public offering was conducted in the United States and Canada pursuant to concurrent registrations with the U.S. Securities and Exchange Commission, and the securities regulatory authorities in each of the provinces and territories in Canada. BIP sold 19,370,025 limited partnership units at $24.75 per unit. The offering, together with a concurrent private placement of redeemable partnership units to Brookfield Asset Management Inc., an affiliate of BIP, raised gross proceeds of approximately $588 million. Due to strong investor demand, the public offering was upsized shortly after launch and the underwriters exercised their over-allotment option in full.

"The public offering will provide Brookfield Infrastructure Partners with additional liquidity to fund its growth strategy and other organic growth initiatives," said Mr. Tanner.

Credit Suisse Securities (Canada), Inc., RBC Dominion Securities Inc., Citigroup Global Markets Inc., HSBC Securities (Canada) Inc., CIBC World Markets Inc., Scotia Capital Inc., TD Securities Inc., Barclays Capital Canada Inc., Deutsche Bank Securities Inc., BMO Nesbitt Burns Inc., National Bank Financial Inc., MGI Securities Inc. and Raymond James Ltd. acted as underwriters.

BIP, a NYSE and TSX-listed company, owns and operates utilities, transport and energy, and timber assets in North and South America, Australia, and Europe and has a market capitalization of approximately $2.8 billion.

Other Milbank attorneys involved in this transaction include partner Andrew Walker, securities associates Kevin MacLeod, Michael Lee and Jeremy Steckel and tax associate Joanna Grossman.

About Milbank

Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm providing innovative legal solutions to clients throughout the world for more than 140 years. Milbank is headquartered in New York and has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, Sao Paulo, Singapore, Tokyo and Washington, DC.

The firm's lawyers provide a full range of legal services to the world's leading commercial, financial and industrial enterprises, as well as to institutions, individuals and governments. Milbank's lawyers meet the needs of our clients by offering a highly integrated and collaborative range of services across key practice groups throughout our global network. Milbank's integrated practice is underpinned by our attorneys acknowledged technical excellence, sectoral expertise and a strong tradition of innovation and client service.

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