Brookfield Asset Management Announces Agreement to Refinance US$800 Million Financing of Australian Operations and the Reorganiz
27 Novembro 2008 - 12:50PM
Marketwired
Brookfield Asset Management Inc. (TSX: BAM)(NYSE: BAM)(AEX: BAMA)
today finalized an agreement to extend by one year the final
maturity of a debt financing of its Australian operations.
Under the terms of the agreement, the loan, which was initially
scheduled to mature in April 2009, will be reduced shortly from
US$1.6 billion at inception to US$800 million of which US$140
million will be repaid in April 2009 and the balance in April 2010.
The company intends to permanently finance its Australian real
estate operations with asset-specific property mortgages in the
future.
Brookfield also announced its intention to combine all of its
European operations into a single operating platform and to
refinance it on a longer-term basis in the European markets.
Brookfield Asset Management Inc., focused on property, power and
infrastructure assets, has approximately $90 billion of assets
under management and is co-listed on the New York and Toronto Stock
Exchanges under the symbol BAM and on NYSE Euronext under the
symbol BAMA. For more information, please visit our web site at
www.brookfield.com.
Note: This news release contains forward-looking information
within the meaning of Canadian provincial securities laws and other
"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. The words "will", "intends", derivations thereof, and
other expressions which are predictions of or indicate future
events, trends or prospects and which do not relate to historical
matters identify forward-looking statements. Forward-looking
statements in this news release include statements in regards to
repayment of Brookfield's debt financing in connection with its
Australian operations, the financing of Brookfield's Australian
real estate operations and the combination and refinancing of
Brookfield's European operations. Although Brookfield Asset
Management believes that its anticipated future results,
performance or achievements expressed or implied of such assets by
the 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 the Company 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; the behaviour of financial markets, including
fluctuations in interest and exchange rates; regulatory and
political factors within the countries in which the company
operates; acts of God; the possible impact of international
conflicts and other developments including terrorist acts; and
other risks and factors detailed from time to time in the Company's
form 40-F filed with the Securities and Exchange Commission as well
as other documents filed by the Company with the securities
regulators in Canada and the United States including the Company's
most recent Annual Information Form under the heading "Business
Environment and Risks". We caution that the foregoing factors that
may affect future results is not exhaustive. When relying on our
forward-looking statements to make decisions with respect to
Brookfield Asset Management, investors and others should carefully
consider the foregoing factors and other uncertainties and
potential events. Except as required by law, the Company undertakes
no obligation to publicly update or revise any forward-looking
statements or information, whether written or oral, as a result of
new information, future events or otherwise.
Contacts: Brookfield Asset Management Denis Couture, SVP,
Investor Relations and Corporate and International Affairs (416)
956-5189 (416) 363-2856 (FAX) Email: dcouture@brookfield.com
Website: www.brookfield.com
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