Brookfield Asset Management issues US$400 million inaugural green subordinated notes

Torys acted as counsel to Brookfield with a team that included Karrin Powys-Lybbe, Mile Kurta, Jonathan Cescon, Chris Bornhorst, Steven Bentsianov, Adam Ibrahim, Nicholas Clarkin, Rayanna Smith and Winnie Hu (corporate/securities) and Corrado Cardarelli, Richard Johnson, David Mattingly and Chris Saki (tax).

On October 16, 2020, Brookfield Asset Management Inc. ("Brookfield") announced the closing of its public offering of 4.625% subordinated notes due October 16, 2080. The size of the offering was US$400 million.

The notes were issued by Brookfield Finance Inc., an indirect 100% owned subsidiary of Brookfield, and are fully and unconditionally guaranteed, on a subordinated basis, by Brookfield. Brookfield intends to use the net proceeds of the offering to finance and/or refinance recently completed and future Eligible Green Projects.

J.P. Morgan Securities LLC, BofA Securities, Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC acted as joint bookrunning managers for the offering.

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.