Brookfield Asset Management Issues US$400 Million Inaugural Green Subordinated Notes
16 Oktober 2020 - 7:36PM
Brookfield Asset Management Inc. (“Brookfield”) (TSX: BAM.A, NYSE:
BAM) today announced the closing of its public offering of 4.625%
subordinated notes due October 16, 2080 (the “notes”). The size of
the offering was US$400 million.
The notes were issued by Brookfield Finance
Inc., an indirect 100% owned subsidiary of Brookfield, and are
fully and unconditionally guaranteed, on a subordinated basis, by
Brookfield. Brookfield intends to use the net proceeds of the
offering to finance and/or refinance recently completed and future
Eligible Green Projects.
J.P. Morgan Securities LLC, BofA Securities,
Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC
acted as joint bookrunning managers for the offering.
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.
The securities were not offered or sold,
directly or indirectly, in Canada or to any resident of Canada.
Brookfield Asset
Management Brookfield Asset Management is a leading
global alternative asset manager with approximately
US$550 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 & Media |
|
Investor Relations |
Claire Holland |
|
Linda Northwood |
Tel: +1 416 369-8236 |
|
Tel: +1 416 359-8647 |
Email: claire.holland@brookfield.com |
|
Email: linda.northwood@brookfield.com |
Forward-Looking Statements
Note: 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 “intends” 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 use of proceeds from 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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