Welcome to our dedicated page for Brookfield Business Partners L.P.Limited Partnership Units news (Ticker: BBU), a resource for investors and traders seeking the latest updates and insights on Brookfield Business Partners L.P.Limited Partnership Units stock.
Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN) is a global leader in business services and industrial operations. The company focuses on owning and operating high-quality businesses that provide essential products and services, benefiting from strong competitive positions. As the flagship listed vehicle of Brookfield Asset Management's Private Equity Group, Brookfield Business Partners has a diverse portfolio catering to multiple industries, including business services, infrastructure services, and industrial sectors.
One of the company's core strengths lies in its diversified portfolio, which includes significant investments in the United Kingdom, United States, Europe, Australia, Canada, Brazil, Mexico, and various other countries. Through these investments, Brookfield Business Partners aims to create long-term value for its shareholders by operating businesses that are low-cost producers and benefit from high barriers to entry.
Recent achievements highlight Brookfield Business Partners' commitment to growth and innovation. For instance, the company is a key investor in Everise, a leading global healthcare services outsourcing company. This partnership is set to accelerate Everise's expansion and market reach, further solidifying Brookfield Business Partners' role in the healthcare sector. Additionally, the company's subsidiary, Clarios, has secured a significant supplier contract for its new high-performance AGM battery, which aims to reduce fuel consumption and CO2 emissions in vehicles.
Brookfield Business Partners is not just about financial growth; it also emphasizes sustainability and innovation. Their ongoing projects and investments are geared towards creating sustainable and efficient solutions across various industries. With a strong financial backbone supported by Brookfield Asset Management, the company is well-positioned to capitalize on emerging opportunities and deliver consistent performance.
For more information about Brookfield Business Partners and their latest updates, visit their official website at bbu.brookfield.com.
On April 20, 2023, Clarios Global LP announced the pricing of $750 million in senior secured notes with a 6.750% coupon, up from a previously planned $500 million. Additionally, the Company increased its new term loan facility from $1 billion to $2.75 billion, maturing in May 2030 at a margin of SOFR plus 3.75%. The total refinancing amounts to $3.5 billion and is aimed at extending the capital structure's maturity without raising overall borrowing costs significantly. Closing is expected on May 4, 2023. Proceeds will repay existing loans maturing April 2026. Clarios, owned by Brookfield Business Partners, focuses on advanced energy storage solutions.
Brookfield Business Partners will hold its 2023 First Quarter Conference Call & Webcast on May 5, 2023, at 10:30 a.m. ET, to discuss results and business initiatives. The results will be released prior to 8:00 a.m. ET on the same day and available on their website.
Participants can join via conference call or webcast. Pre-registration is required for the conference call, providing a bypass to the operator for ease of access. The webcast can be accessed through their registration link, and a replay will also be made available online.
Brookfield Business Partners operates globally, focusing on high-quality businesses providing essential products and services, with investment options through Brookfield Business Partners L.P. (NYSE: BBU) or Brookfield Business Corporation (NYSE: BBUC).
BROOKFIELD, NEWS, March 6, 2023 – Brookfield Business Partners L.P. (NYSE: BBU) filed its 2022 annual report on Form 20-F with the SEC, including audited financial statements for the year ending December 31, 2022. The report is available on their website and through Canadian securities authorities. As a significant player in global business services and industrials, Brookfield focuses on high-quality business ownership that delivers essential products and services. Investors can engage with Brookfield Business Partners or Brookfield Business Corporation (NYSE: BBUC), both backed by Brookfield Asset Management, which manages approximately $800 billion in assets.
Brookfield Business Partners (NYSE: BBU) reported its financial results for the year ended December 31, 2022. The company experienced a net income of $146 million ($0.73 per unit), down from $643 million ($3.28 per unit) in 2021, impacted by prior year gains from asset sales. Adjusted EBITDA rose to $2.335 billion, up from $1.761 billion, driven by improved contributions from Business Services, Industrials, and Infrastructure Services segments. The company ended 2022 with liquidity of approximately $1.6 billion and repurchased over 2.5 million units. A quarterly distribution of $0.0625 per unit is set for March 31, 2023, benefiting unitholders of record by February 28.
BROOKFIELD, NEWS, Dec. 28, 2022 – Brookfield Business Partners (NYSE: BBU) announced it received exemptive relief from the Ontario Securities Commission regarding the sale of Westinghouse Electric Company. This decision was based on support from over 50% of unitholders. A disclosure document has been filed with regulatory authorities, detailing the transaction. The process is subject to conditions, including written consents from a majority of unitholders, and the transaction is anticipated to close in the second half of 2023.
FAQ
What is the current stock price of Brookfield Business Partners L.P.Limited Partnership Units (BBU)?
What is the market cap of Brookfield Business Partners L.P.Limited Partnership Units (BBU)?
What does Brookfield Business Partners L.P. do?
Where does Brookfield Business Partners operate?
What are the main segments of Brookfield Business Partners?
What is the company's ticker symbol?
Who are some notable partners of Brookfield Business Partners?
What is the role of Brookfield Asset Management in relation to Brookfield Business Partners?
How does Brookfield Business Partners contribute to sustainability?
What recent achievements has Brookfield Business Partners made?
Where can I find more information about Brookfield Business Partners?
How does Brookfield Business Partners ensure long-term value for shareholders?
