Brookfield Finance completes senior debt offering totaling US$650 million

Company

Brookfield Finance Inc.

Law Firm / Organization
Torys LLP

Bank

Deutsche Bank Securities Inc.

Law Firm / Organization
Goodmans LLP

Bank

BofA Securities, Inc.

Law Firm / Organization
Goodmans LLP

Company

Citigroup Global Markets Inc.

Law Firm / Organization
Goodmans LLP

Company

Morgan Stanley & Co. LLC

Law Firm / Organization
Goodmans LLP

Bank

Banco Bradesco BBI S.A.

Law Firm / Organization
Goodmans LLP

Bank

BNP Paribas Securities Corp.

Law Firm / Organization
Goodmans LLP

Bank

Desjardins Securities Inc.

Law Firm / Organization
Goodmans LLP

Bank

Itaú BBA USA Securities Inc.

Law Firm / Organization
Goodmans LLP

Bank

Mizuho Securities USA LLC

Law Firm / Organization
Goodmans LLP

Bank

MUFG Securities Americas Inc.

Law Firm / Organization
Goodmans LLP

Bank

National Bank of Canada Financial Inc.

Law Firm / Organization
Goodmans LLP

Bank

Natixis Securities Americas LLC

Law Firm / Organization
Goodmans LLP

Bank

Santander US Capital Markets LLC

Law Firm / Organization
Goodmans LLP

Company

SG Americas Securities LLC

Law Firm / Organization
Goodmans LLP

Announced on June 17, 2024, and closed on June 21, 2024, Brookfield Finance Inc. (BFI), fully backed by Brookfield Corporation, issued two tranches of senior notes totaling $650 million USD (approximately $880 million CAD). This included $200 million USD (about $270 million CAD) of 5.968% notes due March 2054 and $450 million USD (around $610 million CAD) of 5.675% notes due January 2035. Deutsche Bank Securities Inc. and BofA Securities, Inc. served as joint book-running managers. The underwriting syndicate included banks such as Banco Bradesco BBI S.A., BNP Paribas Securities Corp., Desjardins Securities Inc., Itaú BBA USA Securities Inc., Mizuho Securities USA LLC, MUFG Securities Americas Inc., National Bank of Canada Financial Inc., Natixis Securities Americas LLC, and Santander US Capital Markets LLC. Non-bank underwriters included Citigroup Global Markets Inc., Morgan Stanley & Co. LLC, and SG Americas Securities LLC. Underwriting fees totaled approximately $4.675 million USD ($6.3 million CAD), resulting in net proceeds of around $647.5 million USD ($876 million CAD), allocated for general corporate purposes. Legal representation included Torys LLP for BFI and Goodmans LLP for the underwriters.

Public/Private Offering
Banking/Finance
$ 880,000,000
Closed
21 June 2024