Brookfield Asset Management completes US$150 million reopening

On April 9, 2020, Brookfield Asset Management Inc. ("Brookfield") announced the pricing of a US$150 million reopening of its 4.350% notes due 2030 due to investor demand.

The additional notes form part of the same series as the already outstanding US$600 million principal amount of 4.350% notes due 2030, which were announced on April 7, 2020 and issued on April 9, 2020. After giving effect to the reopening, the aggregate principal amount of the series is US$750 million.

The terms of the additional notes was identical to the existing notes, other than the issue date and issue price. The additional notes were issued at a price equal to 99.878% of their face value plus accrued and unpaid interest from April 9, 2020 (the issue date of the existing notes) through, but excluding, the date of delivery of such notes, with an effective yield of 4.365%, if held to maturity.

The additional notes were issued by Brookfield Finance Inc., an indirect 100% owned subsidiary of Brookfield, and are fully and unconditionally guaranteed by Brookfield. The net proceeds from the sale will be used for general corporate purposes. The reopening closed on April 14, 2020.

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