Transaction|October 22, 2013
Brookfield issues C$200 million of medium term notes
Torys acted as counsel to Brookfield Asset Management with a team that included Adam Armstrong, Jonathan Cescon and David Forrester.
On October 22, 2013, Brookfield Asset Management Inc. (Brookfield) completed its previously announced offering of C$200 million aggregate principal amount of 5.04% medium term notes with a March 2024 maturity. The issuance was a reopening of its offering of C$300 million aggregate principal amount of medium term notes that closed on September 9, 2013.
The additional notes have the same coupon of 5.04%, as well as the same terms and conditions as the notes issued in September 2013, but were issued at a price of C$100.468 plus accrued interest, with an effective yield of 4.981%, if held to maturity. An aggregate of C$500 million of notes will be outstanding after giving effect to this offering.
The company intends to use the net proceeds of the issue for general corporate purposes.
Brookfield Asset Management Inc., headquartered in Toronto, is a global alternative asset management company focused on property, power and infrastructure assets.
Further information can be found on Brookfield's website.
The additional notes have the same coupon of 5.04%, as well as the same terms and conditions as the notes issued in September 2013, but were issued at a price of C$100.468 plus accrued interest, with an effective yield of 4.981%, if held to maturity. An aggregate of C$500 million of notes will be outstanding after giving effect to this offering.
The company intends to use the net proceeds of the issue for general corporate purposes.
Brookfield Asset Management Inc., headquartered in Toronto, is a global alternative asset management company focused on property, power and infrastructure assets.
Further information can be found on Brookfield's website.