Business Context and Reporting Period
This Form 6-K filing by Brookfield Business Partners L.P. is a report of a foreign private issuer pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934. The filing covers the month of June 2016 and was signed on June 22, 2016. The registrant is headquartered in Hamilton, Bermuda.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document serves as a vehicle to file specific legal agreements rather than to report financial performance metrics.
Material Changes
The filing does not disclose material changes in financial performance versus prior periods. Instead, it documents the execution and filing of several key legal agreements, including:
- Amended and Restated Limited Partnership Agreements for Brookfield Business Partners L.P. and Brookfield Business L.P.
- Registration Rights Agreement and Relationship Agreement with Brookfield Asset Management Inc.
- Master Services Agreement and Trade-mark Sub-license Agreement.
- Credit Agreement involving various Brookfield holding entities and BPEG US Inc. as lender.
- Voting Agreement among Brookfield Asset Management Inc. and related general partners.
Guidance, Outlook, and Risks
The filing text does not provide guidance, outlook, management commentary, or specific risk factors. The document is limited to the exhibit list of legal contracts and the signature block.
Key Facts for Investors to Verify
- Review the terms of the Credit Agreement (Exhibit 99.6) to understand the partnership's debt obligations and lender relationships.
- Examine the Amended and Restated Limited Partnership Agreements (Exhibits 99.1 and 99.4) for changes in governance or distribution rights.
- Verify the scope of the Master Services Agreement (Exhibit 99.3) and Relationship Agreement (Exhibit 99.5) to assess ongoing fees and conflicts of interest with Brookfield Asset Management Inc.
- Confirm the details of the Voting Agreement (Exhibit 99.7) to understand control structures within the partnership.