Brookfield Asset Management Announces Pricing of US$600 Million Debt Offering

BROOKFIELD, NEWS, April 07, 2020 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (“Brookfield”) (TSX: BAM.A, NYSE: BAM) today announced the pricing of its previously announced public debt offering of notes due 2030 (the “notes”). The size of the offering will be US$600 million.

The notes will have a coupon of 4.350% and will be issued at a price equal to 99.903% of their face value for an effective yield of 4.362%. The notes will be issued by Brookfield Finance Inc., an indirect 100% owned subsidiary of Brookfield, and will be fully and unconditionally guaranteed by Brookfield. The net proceeds from the sale of the notes will be used for general corporate purposes. The offering is expected to close on or about April 9, 2020.

The notes will be offered under Brookfield Finance Inc.’s existing base shelf prospectus filed in the United States and Canada. In the United States, the notes are being offered pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission on January 31, 2020, as amended on February 11, 2020. The offering will be made only by means of a prospectus supplement relating to the offering of the notes. You may obtain these documents for free on EDGAR at www.sec.gov or on SEDAR at www.sedar.com. Before you invest, you should read these documents and other public filings by Brookfield for more complete information about Brookfield and this offering.

Alternatively, copies can be obtained from:

Deutsche Bank Securities Inc. 60 Wall Street New York, New York 10005-2836 Telephone: [phone] Email: [e-mail]

HSBC Securities (USA) Inc. Attn: Transaction Management Group HSBC Securities (USA) Inc. 452 Fifth Avenue, New York, NY 10018 Telephone: + 866-811-0049 Email: [e-mail]

This news release does not constitute an offer to sell or the solicitation of an offer to buy the notes described herein, nor shall there be any sale of these notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The notes being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the base shelf prospectus or the prospectus supplement.