Brookfield Asset Management Announces Pricing of US$150 Million Re-Opening of 4.350% Notes Due April 15, 2030
09 Abril 2020 - 06:53PM
Brookfield Asset Management Inc. (“Brookfield”) (TSX: BAM.A, NYSE:
BAM) today announced the pricing of a US$150 million re-opening of
its 4.350% notes due 2030 (the “additional notes”) due to investor
demand.
The additional notes will form part of the same
series as the already outstanding US$600 million principal amount
of 4.350% notes due 2030 (the “existing notes”), which were
announced on April 7, 2020 and issued on April 9, 2020. After
giving effect to the re-opening, the aggregate principal amount of
the series will be US$750 million. The terms of the additional
notes will be identical to the existing notes, other than the issue
date and issue price. The additional notes will be issued at a
price equal to 99.878% of their face value plus accrued and unpaid
interest from April 9, 2020 (the issue date of the existing notes)
through, but excluding, the date of delivery of such notes, with an
effective yield of 4.365%, if held to maturity.
The additional notes will be issued by
Brookfield Finance 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 additional notes
will be used for general corporate purposes. The re-opening is
expected to close on or about April 14, 2020.
The notes will be offered under Brookfield
Finance 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 Commission on January 31, 2020, as
amended on February 11, 2020. The offering will be 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.60 Wall StreetNew York, New York
10005-2836Telephone: 1-800-503-4611Email:
prospectus.CPDG@db.com |
HSBC Securities (USA) Inc.Attn: Transaction Management GroupHSBC
Securities (USA) Inc.452 Fifth Avenue, New York, NY 10018Telephone:
+ 866-811-0049Email: tmg.americas@us.hsbc.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.
Brookfield Asset
ManagementBrookfield Asset Management Inc. is a leading
global alternative asset manager with over US$540 billion of
assets under management across real estate, infrastructure,
renewable power, private equity and credit. Brookfield owns and
operates long-life assets and businesses, many of which form the
backbone of the global economy. Utilizing its global reach, access
to large-scale capital and operational expertise, Brookfield offers
a range of alternative investment products to investors around the
world—including public and private pension plans, endowments and
foundations, sovereign wealth funds, financial institutions,
insurance companies and private wealth investors.
Brookfield Asset Management is listed on the New
York and Toronto stock exchanges under the symbols BAM and BAM.A,
respectively.
For more information, please contact:
Communications & MediaClaire Holland Tel: +1
416 369-8236Email: claire.holland@brookfield.com |
|
Investor RelationsLinda Northwood Tel: +1 416
359-8647Email: linda.northwood@brookfield.com |
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Forward-Looking StatementsNote:
This news 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. The word “will” and derivations thereof and other
expressions that 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 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 the Company’s Annual Report on 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.
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, the Company 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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