Brookfield Finance to redeem $550 million of 4% notes due 2024 at par

By Wendy Van Sickle

Columbus, Ohio, July 13 – Brookfield Finance Inc. will redeem $550 million of its 4% senior notes due April 1, 2024 on a pro rata basis on July 14 at a price of par plus accrued interest for a total of $1,011.44 per $1,000 note, according to a news release.

The redemption price for the previously announced redemption was determined in accordance with the March 10, 2017 note indenture and will include accrued interest to the redemption date.

The individual book entry holdings to be redeemed will be selected on a lottery basis. Following the redemption, there will be $200 million principal amount of the notes outstanding.

The notes were issued by Brookfield Finance LLC and subsequently assumed by Brookfield Finance Inc. They are fully guaranteed by Brookfield Corp.

Brookfield is a Toronto-based alternative asset manager, which deploys capital across asset management, insurance solutions and operating businesses.

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