Brookfield Asset Management Announces Pricing of US$600 Million Debt Offering [Canadian Business Journal (Canada)]
Brookfield Asset Management Inc Class A Limited Voting Shares (BAM)
US:NYSE Investor Relations:
bam.brookfield.com/en
Company Research
Source: Canadian Business Journal
BROOKFIELD, NEWS, April 07, 2020 (GLOBE NEWSWIRE) — Brookfield Asset Management Inc. (“Brookfield”) (TSX: BAM.A, NYSE: BAM) today announced the pricing of its previously announced public debt offering of notes due 2030 (the “notes”). The size of the offering will be US$600 million.The notes will have a coupon of 4.350% and will be issued at a price equal to 99.903% of their face value for an effective yield of 4.362%. The notes will be issued by Brookfield Inc., an indirect 100% owned subsidiary of Brookfield, and will be fully and unconditionally guaranteed by Brookfield. The net proceeds from the sale of the notes will be used for general corporate purposes. The offering is expected to close on or about April 9, 2020.The notes will be offered under Brookfield Inc.’s existing base shelf prospectus filed in the United States and Canada. In the United States, the notes are being offered pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commis
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