Brookfield Asset Management completes US$550 million note offering

Torys acted as counsel to Brookfield Asset Management with a team that included Adam Armstrong, Jonathan Cescon, Jordan Fenton and Riley Harmon (Canadian securities), Mile Kurta, Chris Bornhorst and Alice Lin (U.S. securities), David Mattingly, Richard Johnson and Patrick Shaunessy (tax).

On September 14, 2017, Brookfield Asset Management Inc. ("Brookfield") completed its previously announced US$550 million public offering of senior notes due 2047. The notes have a coupon of 4.700% and were issued at a price equal to 99.219% of their face value for an effective yield of 4.749%. The notes were issued by a subsidiary of Brookfield, Brookfield Finance Inc., and are fully and unconditionally guaranteed by Brookfield.

The net proceeds of the offering will be used for general corporate purposes.

Brookfield Asset Management is a global alternative asset manager with approximately US$250 billion in assets under management.

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