Brookfield Finance Inc. announced on December 10, 2024, and shall be closing on December 17, 2024, the issuance of US$700 million (approximately CAD 990 million) in 6.300% fixed-to-fixed reset rate subordinated notes due 2055, fully guaranteed by Brookfield Corporation. Net proceeds of approximately US$693 million (around CAD 979 million), after underwriting fees, were used for general corporate purposes.

The underwriters included BofA Securities, Citigroup, Mizuho Securities USA LLC, SMBC Nikko Securities America Inc., Banco Bradesco BBI S.A., BNP Paribas Securities Corp., Brookfield Securities LLC, Desjardins Securities Inc., Itau BBA USA Securities Inc., MUFG Securities Americas Inc., SG Americas Securities LLC, National Bank of Canada Financial Inc., Natixis Securities Americas LLC, and Santander US Capital Markets LLC.

Legal advisors were Torys LLP for Brookfield and Skadden, Arps, Slate, Meagher & Flom LLP (U.S. law) and Goodmans LLP (Canadian law) for the underwriters. Computershare Trust Company of Canada acted as trustee. The notes featured redemption and automatic exchange provisions.