Brookfield Issues $550M 4.832% Notes Due 2031 and $450M 5.298% 2036 Reopening
Brookfield Asset Management priced $550 million of senior notes due 2031 at a 4.832% annual interest rate and issued $450 million of 5.298% notes due 2036, increasing that series to $850 million. Proceeds will fund general corporate purposes and the deal is set to close on April 17, 2026.
1. Pricing of 2031 Senior Notes
Brookfield Asset Management issued $550 million of senior notes maturing in 2031 carrying a 4.832% coupon payable semiannually. These notes rank equally with existing senior debt and reflect current funding costs for long-dated corporate borrowing.
2. Reopening of 2036 Notes
The company reopened its 5.298% notes due 2036 with a $450 million tranche priced at 98.962% of par, raising the total series size to $850 million. This reopening yields an effective 5.434% to maturity if held, matching the terms of the original $400 million issuance.
3. Use of Proceeds and Closing
Net proceeds from both tranches will support general corporate purposes, reinforcing liquidity and balance sheet flexibility. The offering is expected to close on April 17, 2026, subject to customary closing conditions under existing shelf registrations in the U.S. and Canada.