Brookfield Corporation (TSE:BN) has released an update.
Brookfield Corporation has announced the launch of a public offering comprising $450 million of senior notes due in 2035 at an interest rate of 5.675% and a $200 million re-opening of 5.968% notes due in 2054, bringing the total for the latter to $950 million. These notes, guaranteed by Brookfield, will fund general corporate activities, with an expected closing date for the offering of June 21, 2024. The offering is based on existing shelf prospectus filings in the U.S. and Canada and is available only through a prospectus supplement.
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