On April 22, 2025, Brookfield Asset Management Ltd. (“BAM”) announced the pricing of a US$750 million (approximately C$1.03 billion) public offering of 5.795% Notes due April 24, 2035. The notes were issued under an amended and restated base shelf prospectus and sold through a syndicate of underwriters. Citigroup Global Markets Inc. and Wells Fargo Securities, LLC acted as joint book-running managers, while Mizuho Securities USA LLC and SMBC Nikko Securities America, Inc. served as co-leads. Additional co-managers included BMO Capital Markets Corp., BNP Paribas Securities Corp., Brookfield Securities LLC, CIBC World Markets Corp., RBC Capital Markets, LLC, Scotia Capital (USA) Inc., and TD Securities (USA) LLC.

The notes were priced at a total offering amount of US$750 million (C$1.03 billion), with underwriters’ fees totaling US$4.875 million (approximately C$6.7 million), resulting in net proceeds to BAM of approximately US$745.125 million (C$1.025 billion). Delivery of the notes is scheduled for on or about April 24, 2025. The transaction was conducted in both the United States and Canada under a multijurisdictional disclosure system.

Legal counsel for the offering included Torys LLP, which advised BAM on both Canadian and U.S. matters, while the underwriters were represented by Skadden, Arps, Slate, Meagher & Flom LLP on U.S. matters and Goodmans LLP on Canadian matters. The transaction reinforces Brookfield’s ongoing efforts to access global capital markets to support long-term investment strategies.