Brookfield Finance to price dollar-denominated notes due 2034

By William Gullotti

Buffalo, N.Y., Nov. 27 – Brookfield Finance Inc. intends to price an offering of dollar-denominated notes due Jan. 5, 2034 (Cusip: 11271LAK8), according to two filings with the Securities and Exchange Commission on Monday.

The notes are guaranteed by Brookfield Corp.

The notes feature a make-whole call until three months prior to maturity, followed by a par call. Noteholders will also be able to exercise a change-of-control put at 101.

BofA Securities, Inc. and Citigroup Global Markets Inc. are the joint bookrunning managers. Merrill Lynch Canada Inc., a broker-dealer affiliate of BofA Securities, and Citigroup Global Markets Canada Inc., a broker-dealer affiliate of Citigroup Global Markets, will offer the SEC-registered notes in Canada.

Computershare Trust Co. of Canada is the trustee.

Torys LLP is serving as counsel to both the issuer and guarantor. Skadden, Arps, Slate, Meagher & Flom LLP and Goodmans LLP are advising the underwriters.

The proceeds will be used to refinance existing corporate borrowings issued or guaranteed by the company.

Brookfield is a Bermuda-based commercial real estate developer. The issuer has headquarters in Canada.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.