UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2019
Commission File Number: 001-37775
Brookfield Business Partners L.P.
(Translation of registrant's name into English)
73 Front Street, 5th Floor
Hamilton, HM 12 Bermuda
(441) 294-3309
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
EXHIBIT INDEX
| Exhibit Number | Description | |
| 99.1 | Brookfield Business Partners Completes Acquisition of Ouro Verde |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Brookfield Business Partners L.P. by its general partner, Brookfield Business Partners Limited | ||
| Date: July 8, 2019 | /s/ Jane Sheere | |
| Jane Sheere | ||
| Corporate Secretary | ||
EXHIBIT 99.1
Brookfield Business Partners Completes Acquisition of Ouro Verde
BROOKFIELD NEWS, July 08, 2019 (GLOBE NEWSWIRE) -- Brookfield Business Partners L.P. (NYSE:BBU) (TSX:BBU.UN) ("Brookfield Business Partners") together with its institutional partners (collectively “Brookfield”) announced today the closing of the acquisition of 100% of the equity capital of Ouro Verde Locação e Seviços S.A. (“Ouro Verde” or the “Company”), a leading Brazilian heavy equipment and light vehicle fleet management company. As part of the closing arrangements, Brookfield sponsored a recapitalization in which Ouro Verde received R$500 million ($131 million) to strengthen the Company’s balance sheet and support its growth strategy and assumed certain liabilities.
Brookfield and Ouro Verde originally entered into a transaction on September 4, 2018 for Brookfield to acquire a 55% controlling interest in the Company. This original agreement was significantly modified, and under the terms of the new arrangements Brookfield acquired all the equity in Ouro Verde.
Funding
Brookfield Business Partners will fund approximately $50 million of the equity using existing liquidity. Following closing, a portion of Brookfield Business Partners' investment may be syndicated to other institutional partners.
Brookfield Business Partners is a business services and industrials company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low production costs. Brookfield Business Partners is listed on the New York and Toronto stock exchanges. Important information may be disseminated exclusively via the website; investors should consult the site to access this information.
Brookfield Business Partners is the flagship listed business services and industrials company of Brookfield Asset Management Inc. (NYSE: BAM)(TSX: BAM.A)(EURONEXT: BAMA), a leading global alternative asset manager with more than US$365 billion of assets under management. For more information, please visit our website at https://bbu.brookfield.com.
| Media Claire Holland Brookfield Business Partners Tel: +1 416 369 8236 Email: claire.holland@brookfield.com | Investor Relations Alan Fleming Brookfield Business Partners Tel: +1 416 645 2736 Email: alan.fleming@brookfield.com |