Brookfield-owned battery maker Clarios scraps US IPO plans - Yahoo

Jan 6, 2025 · (Reuters) - Clarios International, a car battery maker owned by global investment firm Brookfield, on Monday filed to withdraw its initial public offering plans in the United States. …

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Vehicle Battery Maker Clarios Withdraws Estimated $1 Billion IPO

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Jan 6, 2025 · Clarios International, a global manufacturer of low-voltage vehicle batteries, withdrew its plans for an initial public offering on Monday. The company originally filed in July …

renaissancecapital.com

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Brookfield’s Clarios Plans Raising Debt For Dividend, Sources Say

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Jan 6, 2025 · Brookfield’s Clarios Plans Raising Debt for Dividend, Sources Say. Car battery maker to raise new debt to pay special dividend; Brookfield, CDPQ bought Clarios for $13 …

bloomberg.com

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Battery Maker’s $5bn Debt Deal Hands Brookfield Huge Dividend

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1 day ago · Clarios, a battery maker owned by Brookfield and Canadian pension fund CDPQ, raised $5bn this week in a sign that lenders do not expect the next US president to axe the …

ft.com

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Brookfield-backed Clarios Sells Loan For US$4.5 Billion Payout

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Jan 8, 2025 · The company is expected to raise a further US$1.2 billion of debt by tapping high-yield bond investors shortly, the people said. The bond is likely to launch toward the end of the …

financialpost.com

FAQs about Brookfield-owned battery maker Clarios scraps US IPO plans - Yahoo Coupon?

Did Brookfield buy Clarios?

Brookfield bought Clarios in 2019 for $13.2 billion including debt from Johnson Controls International, a maker of digital solutions for buildings, in one of the biggest deals clinched by the asset manager. ...

Why did Clarios delay its IPO?

The company has delayed its IPO. Photo by Clarios Clarios International Inc, a car battery maker owned by Brookfield Asset Management Inc, and advertising technology company Teads BV on Thursday delayed their initial public offerings (IPOs) due to market volatility. This advertisement has not loaded yet, but your article continues below. ...

How much will Brookfield's investors get from Clarios?

Brookfield’s investors, including CDPQ, will receive a total of $4.5bn in dividends from Clarios, about 1.6 times their original $2.9bn equity investment when they bought the company from industrial conglomerate Johnson Controls in 2019, according to people briefed on the matter. ...

Who will receive proceeds from Brookfield Asset Management & Caisse de depot et placement?

The proceeds from the deal will be distributed to shareholders, including Brookfield Asset Management Ltd. and Canadian pension fund Caisse de Depot et Placement du Quebec. Photo by Clarios/Bloomberg files ...

Will Joe Biden axe Clarios subsidies?

Clarios, a battery maker owned by Brookfield and Canadian pension fund CDPQ, raised $5bn this week in a sign that lenders do not expect the next US president to axe the subsidies in Joe Biden’s marquee Inflation Reduction Act, a move that would put Clarios’s finances at risk. ...