Brookfield Asset Management to redeem 5.3% notes due 2021

By Rebecca Melvin

New York, Feb. 18 – Brookfield Asset Management Inc. will redeem its C$350 million of 5.3% notes due March 1, 2021 in full, according to a company news release on Tuesday.

The company is funding the redemption with the proceeds of a new notes offering being issued by Brookfield Finance LLC, an indirect 100% owned subsidiary of Brookfield.

The new notes are being offered under Brookfield Finance’s existing base shelf prospectus filed in the United States and Canada, as amended on Feb. 11.

The Toronto-based company is an alternative asset manager that operates a portfolio of hydroelectric and wind facilities in North America, Latin America and Europe.

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