NOT FOR DISTRIBUTION TO US NEWS SERVICES OR FOR DISTRIBUTION INTO THE UNITED STATES
BROOKFIELD, NEWS, Dec. 12, 2022 (GLOBE NEWSWIRE) — Brookfield Corporation (NYSE: BN, TSX: BN) today announced pricing for a public offering of notes of the medium term (“Notes”) in aggregate principal amount of C$1 billion. ) due December 2032, which bears interest at 5.431% per annum.
The Notes are expected to have a credit rating of A- by Standard & Poor’s, A- by Fitch, A3 by Moody’s and A (low) by DBRS.
Brookfield Corporation intends to use the net proceeds from the sale of the Debentures for general corporate purposes.
The Notes will be offered through a syndicate of agents led by CIBC Capital Markets, RBC Capital Markets, Scotiabank, BMO Capital Markets, National Bank Financial Markets and TD Securities.
The Notes are being offered pursuant to an existing base prospectus filed in Canada. The offering is being made only by means of a prospectus supplement and a price supplement to the offering of the Notes. You can obtain these documents free of charge on SEDAR at www.sedar.com. Before investing, you should read these documents and other public Brookfield Corporation documents for more complete information about Brookfield Corporation and this offering.
This press release does not constitute an offer to sell or the solicitation of an offer to purchase the Notes described herein, nor shall there be any sale of such Notes in any jurisdiction where such offer, solicitation or sale is prior to registration would be unlawful or qualify under the securities laws of that jurisdiction. The Notes being offered have not been approved or disapproved by any regulatory authority, nor has any such authority evaluated the accuracy or adequacy of the Base Prospectus, the Prospectus Supplement or the Price Supplement. The offering and sale of the Securities has not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or to or for the account or benefit of any US person (as such term). as defined in Regulation S of the US Securities Act) or any state securities laws and may not be offered or sold in the United States or to US persons absent a registration or an applicable exemption from the registration requirements of the US Securities Act under state securities laws.
About Brookfield Corporation
Brookfield Corporation (NYSE: BN, TSX: BN) is focused on investing in value and earning returns over the long term. This capital is divided between the three core pillars of asset management, insurance solutions and operational business. With a disciplined investment approach, we leverage our deep expertise as owners and operators of property, plant and equipment and the size and flexibility of our capital to create value and deliver strong risk-adjusted returns throughout market cycles. With significant capital backed by a conservatively capitalized balance sheet, Brookfield Corporation is well positioned to pursue significant growth opportunities.
For more information, please contact:
| Communication & Media: Sebastian Bouchard Phone: (416) 943-7937 Email: [email protected] |
Investor Relations: Linda Northwood Phone: (416) 359-8647 Email: [email protected] |
Forward-Looking Statements
Information in this press release that is not historical fact constitutes “forward-looking information.” This press release contains “forward-looking information” within the meaning of provincial securities laws and “forward-looking statements” within the meaning of Section 27A of the US Securities Act of 1933, as amended, Section 21E of the US Securities Exchange Act of 1934, as amended, Safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995 and all applicable Canadian securities regulations. Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “anticipate”, “may”, “estimate”, “goal”, “intend”, “plan”, “aim”. , “seek”, “will”, “may” and “should” and similar expressions. Forward-looking statements reflect current estimates, beliefs and assumptions based on Brookfield Corporation’s perception of historical trends, current conditions and expected future developments, as well as other factors that management believes are reasonable under the circumstances. Brookfield Corporation’s estimates, beliefs and assumptions are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and are therefore subject to change.
Forward-looking statements in this press release include statements regarding the use of proceeds from the offering described in this press release. Although Brookfield Corporation believes that such forward-looking statements and information are based on reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because such statements and information involve known and unknown risks, uncertainties and other factors, which may cause Brookfield Corporation’s actual results, performance or achievements to differ materially from any anticipated future results, performance or achievements expressed or implied by such forward-looking statements and information.
Factors that could cause actual results to differ materially from those contemplated or implied by the forward-looking statements include: economic and financial conditions in the countries in which we do or may do business; the behavior of financial markets, including fluctuations in interest rates and exchange rates; availability of equity and debt financing; and other risks and factors set forth in the prospectus and as listed from time to time in Brookfield Corporation’s annual report on Form 40-F filed with the Securities and Exchange Commission and other documents filed by Brookfield with securities regulators in Canada and the United States to be filed .
We caution that the foregoing list of important factors that may affect future results is not exhaustive. Investors and others should carefully consider the foregoing factors and other uncertainties and potential events when relying on our forward-looking statements to make decisions about Brookfield Corporation. Except as required by law, Brookfield Corporation undertakes no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, whether as a result of new information, future events or otherwise.
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