Parties
Company
Brookfield Finance Inc.
Bank
Deutsche Bank Securities Inc.
Bank
SMBC Nikko Securities America, Inc.
Bank
Citigroup Global Markets Inc.
Bank
Mizuho Securities USA LLC
Bank
BofA Securities, Inc.
Bank
Banco Bradesco BBI S.A.
Bank
BNP Paribas Securities Corp.
Company
Brookfield Securities LLC
Bank
Itau BBA USA Securities, Inc.
Bank
MUFG Securities Americas Inc.
Bank
National Bank of Canada Financial Inc.
Bank
Natixis Securities Americas LLC
Bank
Santander US Capital Markets LLC
Bank
SG Americas Securities, LLC
Company
Merrill Lynch Canada Inc.
Brookfield Finance Inc. (BFI) announced on February 27, 2025, the issuance of $500 million (C$717.3 million) in 5.813% notes due March 3, 2055, fully guaranteed by Brookfield Corporation. The offering closed on March 3, 2025, with net proceeds of approximately $494.98 million (C$710.9 million) to be used for general corporate purposes. Interest will be paid semi-annually on March 3 and September 3, starting September 3, 2025. The notes were underwritten by Deutsche Bank Securities Inc. and SMBC Nikko Securities America, Inc. as joint book-running managers, along with Citigroup Global Markets Inc., Mizuho Securities USA LLC, BofA Securities, Inc., Banco Bradesco BBI S.A., BNP Paribas Securities Corp., Brookfield Securities LLC, Desjardins Securities Inc., Itau BBA USA Securities, Inc., MUFG Securities Americas Inc., National Bank of Canada Financial Inc., Natixis Securities Americas LLC, Santander US Capital Markets LLC, and SG Americas Securities, LLC. Merrill Lynch Canada Inc., a broker-dealer affiliate of BofA Securities, Inc., participated in the offering in Canada. The underwriters collectively received $4,374,750 (C$6.3 million) in fees. The notes are not listed on any exchange, and market liquidity may be limited.
Legal advisors included Torys LLP for BFI and Goodmans LLP for the underwriters.
Deal Type
Public/Private OfferingIndustry
Banking/FinanceTransaction
$ 717,300,000Deal Status
ClosedClosing Date
03 March 2025