| | | | | S-i | | | |
| | | | | S-iii | | | |
| | | | | S-vii | | | |
| | | | | S-viii | | | |
| | | | | S-1 | | | |
| | | | | S-10 | | | |
| | | | | S-19 | | | |
| | | | | S-20 | | | |
| | | | | S-21 | | | |
| | | | | S-34 | | | |
| | | | | S-46 | | | |
| | | | | S-59 | | | |
| | | | | S-61 | | | |
| | | | | S-67 | | | |
| | | | | S-67 | | | |
| | | | | S-67 | | | |
| | | | | S-67 | | | |
| | | | | S-68 | | |
| | | | | ii | | | |
| | | | | iii | | | |
| | | | | vi | | | |
| | | | | vi | | | |
| | | | | 1 | | | |
| | | | | 3 | | | |
| | | | | 3 | | | |
| | | | | 3 | | | |
| | | | | 4 | | | |
| | | | | 4 | | | |
| | | | | 4 | | | |
| | | | | 5 | | | |
| | | | | 13 | | | |
| | | | | 14 | | | |
| | | | | 14 | | | |
| | | | | 15 | | | |
| | | | | 15 | | | |
| | | | | 16 | | |
Unaudited
($ Millions) |
| |
As at March 31, 2024
|
| |||||||||||||||
|
Actual
|
| |
As adjusted,
assuming no exercise of the Over-Allotment Option |
| |
As further
adjusted, assuming exercise of the Over- Allotment Option in full |
| |||||||||||
Corporate borrowings(1)(2)
|
| | | $ | 4,937 | | | | | $ | | | | | $ | | | ||
Non-recourse borrowings
|
| | | | 44,136 | | | | | | 44,136 | | | | | | 44,136 | | |
Other current and non-current liabilities(3)
|
| | | | 21,544 | | | | | | 21,544 | | | | | | 21,544 | | |
Preferred Shares
|
| | | | 20 | | | | | | 20 | | | | | | 20 | | |
Partnership Capital | | | | | | | | | | | | | | | | | | | |
Limited Partners
|
| | | | 5,162 | | | | | | 5,162 | | | | | | 5,162 | | |
General Partner
|
| | | | 28 | | | | | | 28 | | | | | | 28 | | |
Non-controlling interest
|
| | | | | | | | | | | | | | | | | | |
Redeemable Partnership Units
|
| | | | 2,122 | | | | | | 2,122 | | | | | | 2,122 | | |
Class A shares of BIPC
|
| | | | 1,488 | | | | | | 1,488 | | | | | | 1,488 | | |
Exchangeable LP Units
|
| | | | 69 | | | | | | 69 | | | | | | 69 | | |
Perpetual subordinated notes
|
| | | | 293 | | | | | | 293 | | | | | | 293 | | |
Interest of others in operating subsidiaries
|
| | | | 22,543 | | | | | | 22,543 | | | | | | 22,543 | | |
Preferred units
|
| | | | 918 | | | | | | 918 | | | | | | 918 | | |
Total capitalization
|
| | | $ | 103,260 | | | | | $ | | | | | $ | | | |
Underwriter
|
| |
Principal Amount of
Notes ($) |
| |||
Wells Fargo Securities, LLC
|
| | | $ | | | |
BofA Securities, Inc.
|
| | | | | | |
J.P. Morgan Securities LLC
|
| | | | | | |
Morgan Stanley & Co. LLC
|
| | | | | | |
RBC Capital Markets, LLC
|
| | | | | | |
UBS Securities LLC
|
| | | | | | |
Total
|
| | | $ | | | |
| | |
Discount(1)
|
| |||||||||
| | |
Retail
|
| |
Institutional
|
| ||||||
Per Note
|
| | | $ | | | | | $ | | | ||
Total (without exercise of the Over-Allotment Option)
|
| | | $ | | | | | $ | | | ||
Total (assuming exercise of the Over-Allotment Option in full)
|
| | | $ | | | | | $ | | | |
|
SEC registration fees
|
| | | $ | | | |
|
NYSE supplemental listing fees
|
| | | | | | |
|
Trustee and transfer agent fees
|
| | | | | | |
|
Legal fees and expenses
|
| | | | | | |
|
Accounting fees and expenses
|
| | | | | | |
|
Printing costs
|
| | | | | | |
|
Miscellaneous
|
| | | | | | |
|
Total
|
| | | $ | | | |
| | |
Page
|
| |||
| | | | ii | | | |
| | | | iii | | | |
| | | | vi | | | |
| | | | vi | | | |
SUMMARY | | | | | 1 | | |
| | | | 3 | | | |
| | | | 3 | | | |
CAPITALIZATION | | | | | 3 | | |
| | | | 4 | | | |
| | | | 4 | | | |
| | | | 4 | | | |
| | | | 5 | | | |
| | | | 13 | | | |
| | | | 14 | | | |
| | | | 14 | | | |
| | | | 15 | | | |
EXPERTS | | | | | 15 | | |
EXPENSES | | | | | 16 | | |
| | |
Year Ended December 31, 2023
|
| |||||||||||||||
(in millions of US dollars)
|
| |
Issuer and
Guarantors total |
| |
Transactions with
non-Issuer, non-Guarantor subsidiaries |
| |
Transactions with
other related parties |
| |||||||||
Statement of Income Data | | | | | | | | | | | | | | | | | | | |
Revenues(1) | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Gross profit
|
| | | | — | | | | | | — | | | | | | — | | |
Other income(2)
|
| | | | 1,751 | | | | | | 1,751 | | | | | | — | | |
Net income
|
| | | | 1,489 | | | | | | 1,744 | | | | | | (255) | | |
| | |
As of December 31, 2023
|
| |||||||||||||||
(in millions of US dollars)
|
| |
Issuers and
Guarantors total |
| |
Amounts due
from/payable to non-Issuer/ non-Guarantor subsidiaries |
| |
Amounts due
from/payable to other related parties |
| |||||||||
Balance Sheet Data | | | | | | | | | | | | | | | | | | | |
Current assets
|
| | | $ | 609 | | | | | $ | 609 | | | | | $ | — | | |
Total assets(1)
|
| | | | 3,593 | | | | | | 3,593 | | | | | | — | | |
Current liabilities
|
| | | | 6,524 | | | | | | 6,455 | | | | | | 69 | | |
Total liabilities
|
| | | | 6,696 | | | | | | 6,612 | | | | | | 84 | | |
|
SEC registration fee
|
| | | $ | * | | |
|
Blue sky fees and expenses
|
| | | | ** | | |
|
NYSE listing fees
|
| | | | ** | | |
|
Trustee and transfer agent fees
|
| | | | ** | | |
|
Printing and engraving costs
|
| | | | ** | | |
|
Legal fees and expenses
|
| | | | ** | | |
|
Accounting fees and expenses
|
| | | | ** | | |
|
Miscellaneous
|
| | | | ** | | |
| Total | | | | $ | ** | | |