Brookfield Corporation Announces Pricing of $550 Million Notes Offering
07 Junho 2023 - 7:21PM
Brookfield Corporation (“Brookfield”) (NYSE: BN, TSX: BN) today
announced the pricing of a public offering of $550 million
principal amount of senior notes due 2033 (the “notes”), which will
bear interest at a rate of 6.087% per annum.
The notes will be issued by Brookfield Capital
Finance LLC, 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 to fund the early
redemption of senior unsecured notes due April 1, 2024 of
Brookfield Finance Inc. and Brookfield Finance LLC. The offering is
expected to close on or about June 14, 2023 subject to the
satisfaction of customary closing conditions.
The notes are being offered under Brookfield and
the issuer’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 by
Brookfield and the issuer with the U.S. Securities and Exchange
Commission on September 2, 2022 and amended on September 16, 2022.
The offering is being made only by means of a prospectus supplement
relating to the offering of the notes. You may obtain these
documents for free on EDGAR at www.sec.gov or on SEDAR at
www.sedar.com. Before you invest, you should read these documents
and other public filings by Brookfield for more complete
information about Brookfield and this offering.
Alternatively, copies can be obtained from:
Deutsche Bank Securities
Inc.1 Columbus CircleNew York, NY 10019Attn.: Prospectus
GroupTelephone: 1-800-503-4611Email: prospectus.CPDG@db.com |
Wells Fargo Securities,
LLC608 2nd Avenue South, Suite 1000Minneapolis, MN
55402Attn.: WFS Customer ServiceTelephone: 1-800-645-3751Email:
wfscustomerservice@wellsfargo.com |
This news release does not constitute an offer
to sell or the solicitation of an offer to buy the notes described
herein, nor shall there be any sale of these notes in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of such jurisdiction. The notes being offered have
not been approved or disapproved by any regulatory authority, nor
has any such authority passed upon the accuracy or adequacy of the
base shelf prospectus or the prospectus supplement.
About Brookfield
Corporation
Brookfield Corporation (NYSE: BN, TSX: BN) is
focused on compounding capital over the long term to earn an
annualized return of 15%+ for our shareholders.
Today, our capital is deployed across three
businesses – Asset Management, Insurance Solutions and our
Operating Businesses, generating substantial and growing free cash
flows, all of which is underpinned by a conservatively capitalized
balance sheet.
We employ a disciplined investment approach,
leveraging our global reach and the scale and flexibility of our
capital, to identify proprietary opportunities to invest on a value
basis. We then utilize our deep operating expertise, based on our
100+ year history as an owner and operator of real assets, to grow
cash flows and create value in each of our businesses to generate
strong risk-adjusted returns across market cycles.
For more information, please contact:
Communications &
Media
Kerrie McHugh
Hayes
Tel: (212) 618-3469
Email: kerrie.mchugh@brookfield.com |
Investor RelationsLinda NorthwoodTel: (416)
359-8647Email: linda.northwood@brookfield.com |
Forward-Looking Statements
Information in this press release that is not a
historical fact is “forward-looking information”. This press
release contains “forward-looking information” within the meaning
of Canadian provincial securities laws and “forward-looking
statements” within the meaning of Section 27A of the U.S.
Securities Act of 1933, as amended, Section 21E of the U.S.
Securities Exchange Act of 1934, as amended, “safe harbor”
provisions of the United States Private Securities Litigation
Reform Act of 1995 and in any applicable Canadian securities
regulations. Forward-looking statements are typically identified by
words such as “expect”, “anticipate”, “believe”, “foresee”,
“could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”,
“will”, “may” and “should” and similar expressions. Forward-looking
statements reflect current estimates, beliefs and assumptions,
which are based on the perception of historical trends, current
conditions and expected future developments, of Brookfield, as well
as other factors management believes are appropriate in the
circumstances. The estimates, beliefs and assumptions of Brookfield
are inherently subject to significant business, economic,
competitive and other uncertainties and contingencies regarding
future events and as such, are subject to change.
Forward-looking statements in this news release
include statements with respect to the offering, the use of
proceeds from the offering and the expected closing date of the
offering described in this news release. Although Brookfield
believes that such forward-looking statements and information are
based upon reasonable assumptions and expectations, the reader
should not place undue reliance on forward-looking statements and
information as such statements and information involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of Brookfield to differ
materially from anticipated future results, performance or
achievement expressed or implied by such forward-looking statements
and information.
Factors that could cause actual results to
differ materially from those contemplated or implied by
forward-looking statements include: economic and financial
conditions in the countries in which we do business or may do
business; the behavior of financial markets, including fluctuations
in interest and exchange rates; availability of equity and debt
financing; and other risks and factors in the prospectus and as
detailed from time to time in Brookfield’s Annual Report on Form
40-F filed with the Securities and Exchange Commission as well as
other documents filed by Brookfield with the securities regulators
in Canada and the United States.
We caution that the foregoing list of important
factors that may affect future results is not exhaustive. When
relying on our forward-looking statements to make decisions with
respect to Brookfield, investors and others should carefully
consider the foregoing factors and other uncertainties and
potential events. Except as required by law, Brookfield undertakes
no obligation to publicly update or revise any forward-looking
statements or information, whether written or oral, that may be as
a result of new information, future events or otherwise.
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