August 24, 2020
Torys represented Brookfield Property Finance, Brookfield Property Partners and related entities with a team that included Karrin Powys-Lybbe, Jordan Fenton, Hongyi Geng-Dueck and Shane Thomas (corporate/securities).
On August 24, 2020, Brookfield Property Finance ULC, a subsidiary of Brookfield Property Partners L.P., announced the completion of an offering of an aggregate principal amount of C$500 million of medium term notes, Series 5, due August 24, 2025, bearing interest at a rate of 3.926% per annum. The notes are fully and unconditionally guaranteed by Brookfield Property Partners and certain of its key holding subsidiaries.
The notes were offered by a syndicate of agents co-led by CIBC World Markets Inc., RBC Dominion Securities Inc. and Scotia Capital Inc.
The net proceeds of the offering will go towards recently completed and future green projects.
Brookfield Property Partners is one of the world’s largest commercial real estate companies, with approximately $86 billion in total assets.