Brookfield Asset Management completes US$1 billion note offering

Torys acted as counsel to Brookfield Asset Management with a team that included Karrin Powys-Lybbe, Mile Kurta, Jonathan Cescon, Chris Bornhorst, Steven Bentsianov and Riley Harmon (corporate/securities), David Mattingly, Richard Johnson, Jonathan Weinblatt and Josh Morry (tax).

On January 29, 2019, Brookfield Asset Management Inc. ("Brookfield") completed its previously announced US$1 billion public offering of senior notes due 2029. The notes have a coupon of 4.850% and were issued at a price equal to 99.821% of their face value for an effective yield of 4.871%.

The notes were issued by Brookfield Finance Inc., a wholly-owned subsidiary of Brookfield, and are fully and unconditionally guaranteed by Brookfield. The net proceeds of the offering will be used for general corporate purposes.

Brookfield Asset Management Inc. is a global alternative asset manager with over US$350 billion in assets under management. The company has more than a 120-year history of owning and operating assets with a focus on real estate, renewable power, infrastructure and private equity.

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