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Enter Symbol
or Name
USA
CA



Brookfield Asset Management Inc
Symbol BAM
Shares Issued 989,216,555
Close 2018-01-11 C$ 53.20
Market Cap C$ 52,626,320,726
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Brookfield Asset arranges $750M (U.S.) note offering

2018-01-11 08:43 ET - News Release

Ms. Claire Holland reports

BROOKFIELD ASSET MANAGEMENT ANNOUNCES PROPOSED OFFERING OF NOTES

Brookfield Asset Management Inc. is commencing a public offering, subject to market and other conditions, of $500-million (U.S.) of notes due 2028 and $250-million (U.S.) reopening of 4.700 per cent notes due 2047.

The additional 2047 notes will form the same series as the already outstanding $550-million (U.S.) principal amount of 4.700 per cent notes due 2047, which were issued on Sept. 14, 2017. The terms of the additional 2047 notes will be identical to the existing 2047 notes, other than the issue date and issue price. The additional 2047 notes will be issued at a price inclusive of accrued and unpaid interest from the original issuance date of Sept. 14, 2017, to, but excluding, the date of delivery of such notes. An aggregate principal amount of $800-million (U.S.) of 4.700 per cent notes due 2047 will be outstanding after giving effect to this offering.

The notes will be issued by Brookfield Finance Inc., a 100-per-cent-owned subsidiary of Brookfield, and will be fully and unconditionally guaranteed by Brookfield. The net proceeds of the offering will be used for general corporate purposes.

Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Inc. are acting as joint book-running managers for the offering.

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 Sept. 29, 2017. Brookfield Finance Inc. has filed a preliminary prospectus supplement relating to the offering of the notes. You may obtain these documents free of cost on EDGAR or on SEDAR. 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 St., New York, N.Y., 10005-2836; telephone: 1-800-503-4611; e-mail: prospectus.CPDG@db.com or Merrill Lynch, Pierce, Fenner & Smith Inc., NC1-004-03-43, 200 North College St., third floor, Charlotte, N.C., 28255-0001; attention prospectus department; telephone: 1-800-294-1322 or e-mail: prospectus_requests@baml.com.

About Brookfield Asset Management Inc.

Brookfield Asset Management is a global alternative asset manager with over $265-billion (U.S.) in assets under management. The company has more than a 100-year history of owning and operating assets with a focus on real estate, renewable power, infrastructure and private equity. Brookfield offers a range of public and private investment products and services, and is co-listed on the New York, Toronto and Euronext stock exchanges under the symbol BAM, BAM.A and BAMA, respectively.

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