Norbord completes secondary bought deal offering of its common shares by Brookfield

On August 9, 2017, Norbord Inc. ("Norbord") completed its previously announced bought deal secondary offering of 3,550,000 common shares held by a fund managed by Brookfield Asset Management Inc., at a price of C$42.35 per common share, for total gross proceeds to Brookfield Asset Management of approximately C$150 million.

The offering was underwritten by a syndicate led by RBC Capital Markets, BMO Capital Markets, BofA Merrill Lynch, Scotiabank, TD Securities Inc. and CIBC Capital Markets. The underwriters have been granted an over-allotment option, exercisable in whole or in part for a period of 30 days following closing of the offering, to purchase up to an additional 532,500 common shares at the offering price, under the same terms.

Norbord is a leading global manufacturer of wood-based panels and the world's largest producer of oriented strand board (OSB). In addition to OSB, Norbord manufactures particleboard, medium density fibreboard and related value-added products. Norbord has assets of more than US$1.8 billion and employs approximately 2,600 people at 17 plant locations in the United States, Canada and Europe.

Further information can be found on Norbord's website.