- Brookfield Asset Management (BAM, Financial) announces its inaugural $750 million senior notes offering.
- The notes offer a 5.795% annual interest rate, maturing in 2035.
- Proceeds will serve general corporate purposes, enhancing financial flexibility.
Brookfield Asset Management (BAM) has announced the pricing of its inaugural public offering of senior notes. The company is set to issue $750 million in senior notes due 2035, with an interest rate of 5.795% per annum. The offering is anticipated to be finalized on April 24, 2025, pending customary closing conditions.
The proceeds from the sale will be allocated towards general corporate purposes. This move will provide BAM with a strategic advantage, enhancing financial flexibility across its various operations. The notes are offered under BAM's existing base shelf prospectus filed in both the United States and Canada.
In the United States, the offering is being conducted pursuant to an effective registration statement on Form F-10 filed with the U.S. Securities and Exchange Commission. This marks a significant step for BAM, as it diversifies its funding sources and secures long-term financing at a fixed rate until 2035.
