BROOKFIELD Corp /ON/ outlined senior unsecured notes due 2031 with a change-of-control put at 101%. Brookfield Corporation would guarantee principal, premium, interest and certain other amounts, while proceeds are earmarked for general corporate purposes. Investors also have stated denominations of US$2,000 and US$1,000 increments.

Key Highlights

  • The proposed securities would be registered with the U.S. securities and Exchange Commission.
  • Brookfield plans to use net proceeds from the notes for general corporate purposes.
  • Computershare Trust Company of Canada would serve as Trustee under the governing indenture.

BROOKFIELD Corp /ON/ (NYSE: BN) is an Investment managers company. The group outlined proposed senior unsecured notes maturing in 2031, with holders entitled to require Redemption at 101% of principal following a change of control.

101% Put Right Anchors Proposed 2031 Notes

The notes would form a separate series of Debt securities under an indenture between Brookfield Finance Inc. Brookfield Corporation and Computershare Trust Company of Canada. The securities would be issued in initial denominations of US$2,000, followed by US$1,000 increments. The terms include a negative pledge and provisions covering a change of control, consolidation, merger, amalgamation and the sale of substantially all assets. From that point until maturity, the notes may be redeemed at 100% of principal. The securities carry CUSIP 11271LAR3 and ISIN US11271LAR33.