Brookfield Asset Management announces proposed offering of notes

February 21, 2020

Torys represented Brookfield with a team that included Karrin Powys-Lybbe, Mile Kurta, Jonathan Cescon, Chris Bornhorst, Steven Bentsianov and Brett Saulnier (corporate/securities).

On February 21, 2020, Brookfield Asset Management Inc. ("Brookfield") completed its previously announced public offering of US$600 million of notes due 2050. The notes have a coupon of 3.450% and were issued at a price equal to 99.058% of their face value for an effective yield of 3.501%.

The notes were issued by Brookfield Finance LLC., an indirect wholly-owned subsidiary of Brookfield, and are fully and unconditionally guaranteed by Brookfield. The net proceeds of the offering will be used to redeem all of the outstanding C$350 million aggregate principal amount of 5.30% notes due March 1, 2021 issued by Brookfield and the remainder for general corporate purposes.

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

Brookfield Asset Management is a leading global alternative asset manager with over US$540 billion in assets under management across real estate, infrastructure, renewable power, private equity and credit. Brookfield owns and operates long-life assets and businesses, many of which form the backbone of the global economy. Utilizing its global reach, access to large-scale capital and operational expertise, Brookfield offers a range of alternative investment products to investors around the world—including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.

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