Brookfield Corporation Announces Pricing of $450 Million Notes Due 2035 and Reopening of $200 Million Notes Due 2054 Via Investing.com

BROOKFIELD, NEWS, June 17, 2024 (GLOBE NEWSWIRE) — Brookfield Corporation (Brookfield) (NYSE: BN , TSX: BN ) today announced the pricing of a public offering of $450 million principal amount of senior notes due 2035 (the notes of -2035 ), which will bring interest at the rate of 5.675% per annum, and the price of $ 200 million to reopen its 5.968% notes due in 2054 (2054 notes and 2035 notes, notes).

The 2054 Notes will be part of a common series with a principal amount of US$750 million of 5.968% due 2054 (the existing notes), issued on March 4, 2024. After effecting the reopening, the aggregate principal amount of the series will be US$950 of millions. The terms of the 2054 notes will be the same as the existing notes, except for the issue date and issue amount. The 2054 notes will be issued at a price equal to 101.435% of face value plus accrued and unpaid interest from March 4, 2024 (the date of issuance of the existing notes) until, but excluding the date of delivery of, such notes, a successful yield of 5.864%, if held in maturity.

The notes will be issued by Brookfield Finance Inc., a 100% indirect subsidiary of Brookfield, and will be fully and unconditionally guaranteed by Brookfield. The proceeds from the sale of the notes will be used for general corporate purposes. The offering is expected to close on June 21, 2024, subject to the satisfaction of customary closing conditions.

The notes are offered under Brookfield and the issuer’s base shelf prospectus filed in the United States and Canada. In the United States, the notes are being offered pursuant to an applicable registration statement on Forms F-10 and F-3 filed by Brookfield and the issuer with the US Securities and Exchange Commission (File No. 333-279601). The offering is made only by means of a prospectus supplement relating to the offering of the notes. You can find these documents for free on EDGAR at www.sec.gov/edgar or on SEDAR+ at www.sedarplus.ca. Before you invest, you should read these documents and Brookfield’s other public filings for full information about Brookfield and this offering.

Alternatively, copies can be obtained from:

This news release does not constitute an offer to sell or the solicitation of an offer to buy the notes described herein, and there will not be any sale of these notes in any jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. The notes being offered have not been or may be approved by any regulatory authority, and no such authority has passed on the accuracy or adequacy of the base shelf prospectus or prospectus supplement.

About Brookfield Corporation

Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Alternative Asset Management, Wealth Solutions, and our Active Businesses in renewable energy, infrastructure, business and industrial services, and real estate.

We have a history of delivering 15%+ annual returns to shareholders for over 30 years, backed by our unmatched investment and operational experience. Our well-managed balance sheet, extensive operational experience, and global sourcing networks enable us to access unique opportunities. Central to our success is the Brookfield Ecosystem, based on the fundamental principle that each group within Brookfield benefits from being part of the broader organization. Brookfield Corporation is publicly traded in New York and Toronto (NYSE: BN, TSX: BN).

Please note that Brookfield Corporation’s previous audited annual and unaudited monthly reports have been filed on EDGAR and SEDAR+ and can be found on the investors section of its website at www.brookfield.com. Copies of the annual and quarterly reports are available free of charge upon request.

For more information, please contact:

Forward-Looking Statements

This news release contains forward-looking information within the meaning of Canadian provincial securities laws and forward-looking statements within the meaning of the US Securities Act of 1933, the US Securities Exchange Act of 1934, the safe harbor provisions of the United States Private Securities Litigation . Amendment Act of 1995 and any applicable Canadian securities laws (collectively, forward-looking statements). Forward-looking statements include statements that are predictive in nature, dependent on or refer to future results, events or conditions, and include, but are not limited to, statements that reflect management’s current estimates, beliefs and assumptions and are based thereon. our knowledge and our view of historical trends, current conditions and anticipated future developments, and other factors that management believes are relevant to the circumstances. Brookfield’s estimates, beliefs and assumptions are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and, as such, are subject to change. Forward-looking statements are often identified by words such as expect, anticipate, believe, foresee, may, estimate, target, intend, plan, seek, aim, will and should and similar expressions. In particular, forward-looking statements contained in this news release include statements regarding the offering, the use of proceeds from the offering and the expected closing date of the offering.

Although Brookfield believes that such forward-looking statements are based on reasonable estimates, beliefs and assumptions, certain factors, risks and uncertainties, which are described from time to time in our documents filed with securities regulators in Canada and the United States, are not currently. known by Brookfield, or which Brookfield currently believes are not material, could cause actual results to differ materially from those contemplated or implied by the forward-looking statements.

Readers are urged to consider these risks, as well as other uncertainties, factors and considerations carefully in evaluating forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this news release. Except as required by law, Brookfield undertakes no obligation to publicly revise or revise any forward-looking statements, whether written or oral, that may result from new information, future events or otherwise.

Source: Brookfield Corporation