Brookfield Business Partner L.P.’s $10 Billion Financing

Davis Polk & Wardwell, Ritch, Mueller, Heather y Nicolau, Latham & Watkins, Creel, García-Cuéllar, Aiza y Enríquez advised on the transaction

After the acquisition of Johnson Controls International plc’s Power solutions business, Brookfield Business Partner L.P. secured $10 Billion Financing including a $5.200 million credit facility and a €3.000 million euro denominated loan from a banking syndicate including Barclays PLC, Credit Suisse, JP Morgan, Bank of America Merrill Lynch, BMO, CIBC, Citigroup, Deutsche Bank, Goldman Sachs, HSBC, Royal Bank of Canada, Scotiabank and TD Securities.

The financing included also a $2.000 Million notes offering.

Citibank, N.A. and JPMorgan Chase Bank, N.A. acted as led arrangers on the offering.

Davis Polk & Wardwell advised Brookfield Business Partners L.P. on the notes offering with Michael Kaplan, Derek Dostal, Sartaj Gill, J.W. Perry, Hilary Dengel, Stephen A. Byeff, Isabel Rivera, Jack Orford, Nathan P. Huynh and Sean Michael Pinckney.

In Mexico, Ritch, Mueller, Heather y Nicolau advised Brookfield Business Partners L.P. with Luis Nicolau Gutiérrez, Gabriel Robles Beistegui and Juan Carlos Rodríguez.

Citibank, N.A., JPMorgan Chase Bank, N.A., Barclays PLC, Credit Suisse, JP Morgan, Bank of America Merrill Lynch, BMO, CIBC, Citigroup, Deutsche Bank, Goldman Sachs, HSBC, Royal Bank of Canada, Scotiabank and TD Securities

Latham & Watkins LLP (New York): Socios Melissa Alwang, Eugene Mazzaro, Michèle Penzer, Alfred Xue, Andrew Baker, Keith Halverstam, Peter Labonski y Stelios Saffos. Consejera Ipek Seniz Yakut. Asociados Brianna Edwards, Carlos Ibargüengoitia, Kamal Nesfield, Elisabeth Su-Li Ong y Dylan Conn.

Creel, García-Cuéllar, Aiza y Enríquez, S.C. (Ciudad de México): Socio Pedro Velasco. Asociado sénior Alejandro Isaac. Asociado José Pablo Buenfil.

Involved fees earner: Alejandro Isaac Beas – Creel, García-Cuéllar, Aiza y Enriquez SC; José Pablo Buenfil – Creel, García-Cuéllar, Aiza y Enriquez SC; Pedro Velasco – Creel, García-Cuéllar, Aiza y Enriquez SC; Stephen Byeff – Davis Polk & Wardwell; Hilary Dengel – Davis Polk & Wardwell; Derek Dostal – Davis Polk & Wardwell; Sartaj Gill – Davis Polk & Wardwell; Nathan Huynh – Davis Polk & Wardwell; Michael Kaplan – Davis Polk & Wardwell; Jack Orford – Davis Polk & Wardwell; John Perry – Davis Polk & Wardwell; Sean Michael Pinckney – Davis Polk & Wardwell; Isabel Rivera – Davis Polk & Wardwell; Melissa Alwang – Latham & Watkins; Andrew Baker – Latham & Watkins; Brianna Edwards – Latham & Watkins; Keith Halverstam – Latham & Watkins; Carlos Ibargüengoitia – Latham & Watkins; Ipek Seniz Yakut – Latham & Watkins; Peter Labonski – Latham & Watkins; Eugene Mazzaro – Latham & Watkins; Kamal Nesfield – Latham & Watkins; Michèle Penzer – Latham & Watkins; Stelios Saffos – Latham & Watkins; Alfred Xue – Latham & Watkins; Luis Nicolau Gutiérrez – Ritch, Mueller, Heather y Nicolau, SC; Gabriel Robles Beistegui – Ritch, Mueller, Heather y Nicolau, SC;

Law Firms: Creel, García-Cuéllar, Aiza y Enriquez SC; Davis Polk & Wardwell; Latham & Watkins; Ritch, Mueller, Heather y Nicolau, SC;

Clients: Bank of America Merrill Lynch; Barclays Bank; BMO Financial Group; Brookfield Business Partners LP; Canadian Imperial Bank of Commerce; Citibank; Citigroup Inc.; Credit Suisse; Deutsche Bank; Goldman Sachs; HSBC; JP Morgan; JPMorgan Chase & Co.; Royal Bank of Canada; Scotiabank; TD Securities;