Brookfield Corporation Announces Pricing of C$1 Billion of Medium-Term Notes

Executive Summary

• Brookfield Corporation priced a C$1 billion public offering of medium‑term notes (C$350 M due 2033 at 4.388% and C$650 M due 2055 at 5.399%).
• The proceeds will be used to redeem existing 4.82% notes due Jan. 28 2026 and any remainder for general corporate purposes.
• The notes are expected to receive A‑/A ratings from the major agencies and are being sold by a syndicate led by Canada’s top investment banks.

Key Details

• Offering Size: C$1 billion aggregate principal amount.
• Series 1: C$350 million medium‑term notes due March 1, 2033; interest 4.388% per annum, payable semi‑annually.
• Series 2: C$650 million medium‑term notes due December 11, 2055; interest 5.399% per annum, payable semi‑annually.
• Credit Ratings (expected): A‑ (S&P), A‑ (Fitch), A3 (Moody’s), A (DBRS).
• Use of Proceeds:
• Primary: Redemption of Brookfield’s 4.82% medium‑term notes due Jan. 28, 2026.
• Secondary: General corporate purposes.
• Underwriting Syndicate: CIBC Capital Markets, RBC Capital Markets, TD Securities, BMO Capital Markets, National Bank Financial Markets, Scotiabank (lead agents).
• Offering Mechanism: Issued under an existing base‑shelf prospectus in Canada; sold via a prospectus supplement and pricing supplements.
• Regulatory Notes: Offering not registered in the United States; unavailable to U.S. persons absent exemption.

Notable Quotes

(No executive quotes were included in the release.)