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

Core Viewpoint - Brookfield Corporation has announced a public offering of C$1 billion in medium-term notes, with two tranches maturing in 2033 and 2055, aimed at refinancing existing debt and supporting general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of C$350 million in notes due March 1, 2033, with an interest rate of 4.388% per annum, and C$650 million in notes due December 11, 2055, with an interest rate of 5.399% per annum, both payable semi-annually [1]. - The notes are expected to receive credit ratings of A- from Standard & Poor's and Fitch, A3 from Moody's, and A from DBRS [2]. Group 2: Use of Proceeds - The net proceeds from the sale will be used to redeem existing 4.82% medium-term notes due January 28, 2026, with any remaining funds allocated for general corporate purposes [2]. Group 3: Offering Structure - The notes are being offered through a syndicate of agents led by CIBC Capital Markets, RBC Capital Markets, TD Securities, BMO Capital Markets, National Bank Financial Markets, and Scotiabank [3]. - The offering is conducted under an existing base shelf prospectus filed in Canada, with details available on SEDAR+ [4]. Group 4: Company Overview - Brookfield Corporation is a global investment firm focused on long-term wealth creation, with core businesses in Alternative Asset Management, Wealth Solutions, and Operating Businesses in sectors like renewable power and real estate [6][7]. - The company has a history of delivering over 15% annualized returns to shareholders for more than 30 years, supported by a conservatively managed balance sheet and extensive operational experience [7].