Brookfield Business Partners (BBU) suspends Section 15(d) reporting after arrangement

Rhea-AI Filing Summary

Brookfield Business Partners L.P. filed a Form 15 to suspend its reporting obligations under Section 15(d) of the Exchange Act after completing a court-approved plan of arrangement.

Under the Arrangement completed on March 27, 2026, BBU units and Old BBUC exchangeable shares were exchanged one-for-one for class A subordinated voting shares of the Corporation; BBU filed post-effective Form F-3 amendments to deregister its securities. The Form 15 was signed on April 13, 2026.

Key Figures

Commission File Number: 001-37775 Arrangement completion date: March 27, 2026 Arrangement agreement date: November 6, 2025 +3 more

6 metrics

Commission File Number 001-37775 Form 15 cover line

Arrangement completion date March 27, 2026 Court-approved plan of arrangement completion

Arrangement agreement date November 6, 2025 Arrangement agreement dated as of

Form F-3 file numbers 333-285450; 333-273181; 333-273180-01 Post-effective amendments to deregister securities

Form 15 signature date April 13, 2026 Date certification/notice was signed

Exchange ratio one-for-one BBU Units and Old BBUC Exchangeable Shares exchanged for Corporation shares

Key Terms

Form 15, Section 15(d), plan of arrangement, Form F-3, +1 more

5 terms

Form 15 regulatory

"Form 15 to suspend its reporting obligations under Section 15(d)"

A Form 15 is a short filing a public company uses with the U.S. Securities and Exchange Commission to stop or pause its routine public reporting requirements when it meets certain legal thresholds (such as a low number of public shareholders) or other qualifying conditions. Investors should care because filing one typically means less public financial information and lower trading liquidity—similar to a shop taking down its public notice board, making it harder to track performance and buy or sell shares.

Section 15(d) regulatory

"suspend its reporting obligations under Section 15(d) of the Exchange Act"

Section 15(d) is a U.S. securities law rule that can require a company to keep filing regular public financial reports with regulators after it sells stock in certain offerings, even if it otherwise would stop reporting. Think of it like a store that must continue posting its receipts so buyers can check its health; for investors, it preserves ongoing disclosure and helps them track a company’s finances and risks that might affect the stock.

plan of arrangement legal

"court approved plan of arrangement under section 288 of the Business Corporations Act"

A plan of arrangement is a formal, court-approved agreement that reorganizes ownership or assets of a company—such as merging businesses, exchanging shares for cash or other securities, or splitting off parts of the company. Investors should care because it can change the value, number, and rights of their holdings and is often binding once approved by both shareholders and a court, offering more legal certainty than a simple vote. Think of it as a legally supervised recipe for how a company will be reshaped and who ends up with what.

Form F-3 regulatory

"filed post-effective amendments to its registration statements on Form F-3"

Form F-3 is a U.S. securities filing that lets eligible foreign companies pre-register and then quickly sell shares or other securities to raise money, because they already meet ongoing reporting and size tests. For investors it signals that the company is up-to-date with regulatory disclosure and has an efficient way to issue new securities — similar to a pre-approved credit line — which can mean faster capital raises but also potential dilution of existing holdings.

deregister regulatory

"to deregister any and all securities registered by BBU thereunder"

Deregister is the act of removing a company’s securities from a public regulatory registry or ending their listing on a stock exchange; think of it like taking a car off public roads so it no longer needs public inspections. For investors, deregistration matters because it usually reduces required public disclosures, can make shares harder to buy or sell, and increases uncertainty about the company’s finances and governance due to lower transparency and liquidity.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 15

CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION

UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934

OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number: 001-37775

BROOKFIELD BUSINESS PARTNERS L.P.

(Exact name of registrant as specified in its charter)

73 Front Street, 5th Floor

Hamilton, HM 12 Bermuda
+441-294-3309
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

Limited Partnership Units

(Title of each class of securities covered by this Form)

None

(Titles of all other classes of securities for which a duty to file reports under section 13(a) or 15(d) remains)

Please place an X in the box(es) to designate the appropriate rule provision(s) relied upon to terminate or suspend the duty to file reports:

Rule 12g-4(a)(1)		x
Rule 12g-4(a)(2)		¨
Rule 12h-3(b)(1)(i)		x
Rule 12h-3(b)(1)(ii)		¨
Rule 15d-6		¨
Rule 15d-22(b)		¨

Approximate number of holders of record as of the certification or notice date: One (1)*

*	This Form 15 relates solely to the reporting obligations of Brookfield Business Partners L.P. (“BBU”) with respect to its non-voting limited partnership units (“BBU Units”) and does not affect the reporting obligations of Brookfield Business Corporation (formerly 1559985 B.C. Ltd.) (the “Corporation”) as successor to BBU and Brookfield Business Holdings Corporation (formerly Brookfield Business Corporation) (“Old BBUC”) pursuant to Rule 12g-3(c) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
	On March 27, 2026, pursuant to an arrangement agreement dated as of November 6, 2025, the Corporation, BBU and Old BBUC completed a court approved plan of arrangement under section 288 of the Business Corporations Act (British Columbia) (the “Arrangement”), pursuant to which, among other things, holders of BBU Units and holders of Old BBUC’s class A exchangeable subordinate voting shares (the “Old BBUC Exchangeable Shares”) received class A subordinated voting shares of the Corporation in exchange for their BBU Units and Old BBUC Exchangeable Shares on a one-for-one basis. As a result of the Arrangement, BBU and Old BBUC became subsidiaries of the Corporation.
	Upon completion of the Arrangement, BBU filed post-effective amendments to its registration statements on Form F-3 (File Nos. 333-285450, 333-273181 and 333-273180-01) to deregister any and all securities registered by BBU thereunder. Accordingly, BBU is filing this Form 15 to suspend its reporting obligations under Section 15(d) of Exchange Act.

Pursuant to the requirements of the Securities Exchange Act of 1934, Brookfield Business Partners L.P. has caused this certification/notice to be signed on its behalf by the undersigned duly authorized person.

Date: April 13, 2026

		BROOKFIELD BUSINESS PARTNERS L.P. by its general partner, BROOKFIELD BUSINESS PARTNERS LIMITED
	By:	/s/ Jane Sheere
		Name: Jane Sheere
		Title: Corporate Secretary

FAQ

What does BBU's Form 15 mean for BBU (BBU)?

It suspends BBU's reporting obligations under Section 15(d) of the Exchange Act. The filing follows a court-approved arrangement where BBU securities were exchanged for Corporation shares and BBU amended its Form F-3 registrations to deregister its securities.

When did the arrangement that triggered Form 15 occur for BBU?

The court-approved plan of arrangement was completed on March 27, 2026. That arrangement effected the one-for-one exchange of BBU units and Old BBUC exchangeable shares for class A subordinated voting shares of the Corporation.

Does the Form 15 affect the Corporation's reporting obligations?

No. The filing states it does not affect the reporting obligations of Brookfield Business Corporation as successor to BBU or Brookfield Business Holdings Corporation; those entities continue to have their separate reporting responsibilities.

What registration changes did BBU make after the Arrangement?

BBU filed post-effective amendments to its Form F-3 registration statements (File Nos. 333-285450, 333-273181, and 333-273180-01) to deregister any and all securities registered thereunder following the Arrangement.