Brookfield completes US$850 million notes offering

On July 26, 2021, Brookfield Asset Management Inc. (“Brookfield”) completed a public offering of US$600 million principal amount of green notes due 2032 and US$250 million of its 3.50% notes due 2051. The 2051 notes form part of the same series as the already outstanding US$500 million principal amount of 3.50% notes due 2051, which were issued on September 28, 2020. After giving effect to the re-opening, the aggregate principal amount of this series is US$750 million.

Brookfield intends to allocate an amount equal to the net proceeds from the sale of the 2032 notes to the financing and/or refinancing of recently completed and future energy efficient green buildings and renewable energy projects or purchases, including the development and redevelopment of such buildings and projects. Pending such allocation, the net proceeds from the sale of the 2032 notes will be temporarily used for general corporate purposes. The net proceeds from the sale of the 2051 notes will be used for general corporate purposes.

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

Brookfield is a leading global alternative asset manager with over US$600 billion of assets under management across real estate, infrastructure, renewable power, private equity and credit.