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Court-approved arrangement converts BBU units; BBU (BBU) cancels unsold registration

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Form Type
POS AM

Rhea-AI Filing Summary

Brookfield Business Partners L.P. is filing a post-effective amendment to terminate and deregister securities remaining under its Form F-3 Registration Statement No. 333-273180-01.

The amendment follows a court-approved plan of arrangement completed March 27, 2026, under which holders of BBU Units and Old BBUC Exchangeable Shares received class A subordinated voting shares of Brookfield Business Corporation on a one-for-one basis; the Registrant states the offerings of BBU Units under the Registration Statement are terminated and any unsold registered securities are removed from registration.

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Insights

Post-effective amendment formally closes the shelf by deregistering unsold securities after a court-approved arrangement.

The filing documents the legal mechanics: a court-approved plan of arrangement completed on March 27, 2026 and the one-for-one share exchange that made the Registrant a subsidiary of the Corporation. The amendment invokes the Registration Statement undertaking to remove unsold securities by post-effective amendment.

Key dependencies include the Arrangement terms dated November 6, 2025 and the court approval; cash-flow treatment and specific unsold amounts are not stated in the provided excerpt.

The amendment is administrative: it terminates the offering and ends the Registration Statement's effectiveness.

The Registrant explicitly states it "removes from registration any and all securities registered but unsold" and "terminates the effectiveness of the Registration Statement," satisfying the standard post-effective undertaking. The filing cites the original Form F-3 effective September 18, 2023.

Investors should note the document does not disclose counts or proceeds; subsequent disclosures may show any remaining share counts or related capitalization changes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What did Brookfield Business Partners L.P. (BBU) file in this post-effective amendment?

It filed a post-effective amendment to deregister and terminate the Registration Statement. The amendment removes from registration any unsold securities under Form F-3 and ends the Registration Statement's effectiveness following the Arrangement completed March 27, 2026.

Why is BBU removing securities from registration?

Because a court-approved arrangement converted outstanding units and Old BBUC Exchangeable Shares into Corporation shares. Under the Arrangement, BBU Units and Old BBUC Exchangeable Shares were exchanged one-for-one, and the offering of BBU Units under the Registration Statement was terminated.

Did the filing state how many unsold securities are being deregistered?

No, the excerpt does not state a numeric amount of unsold registered securities. The amendment states it removes "any and all securities registered but unsold" and terminates the Registration Statement without listing specific counts.

When did the Arrangement that triggered this amendment become effective?

The Arrangement was completed on March 27, 2026. It was entered into pursuant to an arrangement agreement dated November 6, 2025, and was implemented by a court-approved plan under British Columbia law.

Does the amendment indicate who receives proceeds from any prior sales?

The provided excerpt does not describe proceeds or who received cash from prior sales. The amendment focuses on terminating the offering and removing unsold registered securities; cash-flow treatment is not disclosed in the excerpt.

 

AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MARCH 27, 2026

 

REGISTRATION NO.

333-273180-01

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

Post-Effective Amendment No. 2 to

Form F-3 Registration Statement No. 333-273180-01

 

UNDER

THE SECURITIES ACT OF 1933

 

BROOKFIELD BUSINESS PARTNERS L.P.

(Exact name of registrant as specified in its charter)

 

Bermuda Not applicable

(State or Other Jurisdiction of

Incorporation or Organization)

(I.R.S. Employer

Identification Number)

 

73 Front Street, 5th Floor

Hamilton, HM 12, Bermuda

+441-294-3309

(Address and Telephone Number of Registrant’s Principal Executive Offices)

 

Brookfield BBP US Holdings LLC

Brookfield Place

225 Liberty Street, 8th Floor

New York, NY 10281-1048

(212) 417-7000

(Name, Address and Telephone Number of Agent for Service)

 

Copies to:

 

Mile T. Kurta, Esq.

Christopher R. Bornhorst, Esq.

Torys LLP

1114 Avenue of the Americas, 23rd Floor

New York, NY 10036

(212) 880-6000

 

Approximate date of commencement of proposed sale to the public: Not applicable. Removal from registration of securities that were not sold pursuant to this registration statement.

 

If only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. ¨

 

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ¨

 

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨

 

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨

 

If this Form is a registration statement pursuant to General Instruction I.C. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. ¨

 

If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.C. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. ¨

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933.

 

Emerging Growth Company ¨

 

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 7(a)(2)(B) of the Securities Act. ¨

 

† The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

 

 

 

 

 

 

EXPLANATORY NOTE

DEREGISTRATION OF SECURITIES

 

This Post-Effective Amendment (“Post-Effective Amendment”) relates to the Registration Statement on Form F-3 (File No. 333-273180-01) registering the issuance or delivery of non-voting limited partnership units (“BBU Units”) of Brookfield Business Partners L.P. (the “Registrant”) in connection with the exchange, redemption or acquisition of Old BBUC Exchangeable Shares (as defined below) originally filed by the Registrant with the Securities and Exchange Commission (the “SEC”) on July 7, 2023, amended on September 8, 2023, and declared effective by the SEC on September 18, 2023 (as amended, the “Registration Statement”). This Post-Effective Amendment is being filed by the Registrant to deregister any and all securities of the Registrant registered by the Registrant that remain unsold pursuant to the Registration Statement.

 

On March 27, 2026, pursuant to an arrangement agreement dated as of November 6, 2025, Brookfield Business Corporation (formerly 1559985 B.C. Ltd.) (the “Corporation”), the Registrant and Brookfield Business Holdings Corporation (formerly Brookfield Business Corporation) (“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, the Registrant and Old BBUC became subsidiaries of the Corporation.

 

As a result of the consummation of the Arrangement, the offerings of the BBU Units pursuant to the Registration Statement are being terminated. Accordingly, the Registrant is terminating all offerings of its securities pursuant to the Registration Statement and deregistering the remaining securities registered but unsold under the Registration Statement and hereby terminates the effectiveness of the Registration Statement. The Registrant, by filing this Post-Effective Amendment, hereby removes from registration any and all securities registered but unsold under the Registration Statement and hereby terminates the effectiveness of the Registration Statement. This filing is made in accordance with an undertaking in the Registration Statement to remove from registration, by means of a post-effective amendment, any securities that were registered for issuance but remain unsold at the termination of the offering.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form F-3 and has duly caused this Post-Effective Amendment to the Registration Statement on Form F-3 to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Hamilton, Bermuda on March 27, 2026.

 

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

 

Note: Pursuant to Rule 478 under the Securities Act of 1933, as amended, no other person is required to sign this Post-Effective Amendment to the Registration Statement on Form F-3.

 

AUTHORIZED U.S. REPRESENTATIVE

 

Pursuant to the requirements of Section 6(a) of the Securities Act of 1933, as amended, the undersigned has signed this Post-Effective Amendment to the Registration Statement on Form F-3, solely in the capacity of the duly authorized representative of Brookfield Business Partners L.P. in the United States, on this 27th day of March, 2026.

 

  BROOKFIELD BBP US HOLDINGS LLC
   
  By: /s/ Kristen Haase
    Name: Kristen Haase
    Title: Managing Partner