Brookfield Infrastructure Finance ULC (BIPH) issues subordinated debt securities to support the financing needs of Brookfield Infrastructure Partners L.P., a leading global infrastructure investor; these securities include 5.000% subordinated notes due 2081 traded on the NYSE. Headquartered in Toronto, Canada, and founded in 2012 as a wholly-owned unlimited liability company under Brookfield Asset Management, it provides essential capital market access for infrastructure assets spanning utilities, transport, energy midstream, and data infrastructure across North America, South America, Europe, and Asia-Pacific. Through its parent's operations, core offerings encompass regulated electricity and gas transmission/distribution networks, water/wastewater systems; toll roads, rail networks, ports, and intermodal logistics; natural gas pipelines, storage facilities, and terminals; plus fiber optic networks, data centers, and telecommunications towers. Recent developments include Brookfield Infrastructure's $9 billion acquisition of Colonial Enterprises—operator of the 5,500-mile Colonial Pipeline—in April 2025, with an expected close in the second half of the year and BIP contributing $500 million in equity; closure of a French fiber platform sale generating $100 million at 17% IRR; divestiture of Mexican natural gas pipelines for $500 million total proceeds at 22% IRR; and $1.5 billion in new investments secured in Q3 2025 amid strong capital recycling of over $2 billion in 2024.