Brookfield Asset Management completes US$500 million debt offering

Torys acted as counsel to Brookfield Asset Management with a team that included Karrin Powys-Lybbe, Jonathan Cescon, Adam Ibrahim, Melissa Lowy and Richard Johnson (corporate/Canadian securities) and Mile Kurta, Chris Bornhorst, Steven Bentsianov, Nicholas Clarkin and David Mattingly (U.S. securities).

On September 28, 2020, Brookfield Asset Management Inc. ("Brookfield") completed its previously announced public debt offering of notes due 2051. The size of the offering was US$500 million.

The notes have a coupon of 3.500% and were issued at a price equal to 99.313% of their face value for an effective yield of 3.537%. The notes were issued by Brookfield Finance Inc., an indirect 100% owned subsidiary of Brookfield, and will be fully and unconditionally guaranteed by Brookfield. The notes were offered under Brookfield Finance Inc.'s existing base shelf prospectus filed in the United States and Canada.

The net proceeds from the sale of the notes will be used for general corporate purposes.

Brookfield is a leading global alternative asset manager with approximately US$550 billion of assets under management across real estate, infrastructure, renewable power, private equity and credit.

Further information can be found on Globe Newswire's website.