BROOKFIELD Corp 6-K, filed Feb 3, 2022
BROOKFIELD Corp (BN)
About this 6-K
BROOKFIELD Corp filed this 6-K on February 3, 2022.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2022
Commission File Number: 001-15160
Brookfield Asset Management Inc.
(Translation of registrant's name into English)
Brookfield Place Suite 300 181 Bay Street, P.O. Box 762 Toronto, Ontario, Canada M5J 2T3
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ ] Form 40-F [ X ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
EXHIBIT INDEX
| Exhibit Number | Description | |
| 99.1 | Press Release dated February 2, 2022 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Brookfield Asset Management Inc. | ||
| (Registrant) | ||
| Date: February 2, 2022 | /s/ JUSTIN B. BEBER | |
| Justin Beber | ||
| Head of Corporate Strategy and Chief Legal Officer | ||
EXHIBIT 99.1
Brookfield Announces Pricing of US$400 Million Green Notes Due 2052 and US$400 Million Re-Opening of 3.900% Notes Due 2028
BROOKFIELD, NEWS, Feb. 02, 2022 (GLOBE NEWSWIRE) -- Brookfield (NYSE: BAM, TSX: BAM.A) today announced the pricing of a public offering of US$400 million principal amount of senior notes due 2052 (the “2052 notes”), which will bear interest at a rate of 3.625% per annum, and the pricing of a US$400 million re-opening of its 3.900% notes due 2028 (the “2028 notes” and together with the 2052 notes, the “notes”).
The 2028 notes will form part of the same series as the already outstanding US$650 million principal amount of 3.900% notes due 2028 (the “existing notes”), which were issued on January 17, 2018. After giving effect to the re-opening, the aggregate principal amount of the series will be US$1.05 billion. The terms of the 2028 notes will be identical to the existing notes, other than the issue date, issue price and the first payment of interest thereon. The 2028 notes will be issued at a price equal to 107.134% of their face value plus accrued and unpaid interest from January 25, 2022 (the most recent interest payment date applicable to the existing notes) through, but excluding, the date of delivery of such notes, with an effective yield of 2.553%, if held to maturity.
Brookfield intends to allocate an amount equal to the net proceeds from the sale of the 2052 notes to Eligible Investments in accordance with Brookfield’s Green Bond Framework, published in November 2021. Eligible Investments generally include the financing or refinancing of green buildings, renewable energy generation, energy efficiency and management, as well as sustainable water and waste management. Pending such allocation, the net proceeds from the sale of the 2052 notes will be temporarily used for general corporate purposes. The net proceeds from the sale of the 2028 notes will be used for general corporate purposes.
The notes are being offered under an existing base shelf prospectus filed in 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 September 29, 2020 and amended on October 6, 2020. The offering is being 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:
| Citigroup Global Markets Inc. | SMBC Nikko Securities America Inc. | |
| c/o Broadridge Financial Solutions | 277 Park Avenue | |
| 1155 Long Island Avenue | New York, NY 10177 | |
| Edgewood, NY 11717 | Attention: Debt Capital Markets | |
| Telephone: 1-800-831-9146 | Telephone: 1-888-868-6856 | |
| Email: prospectus@citi.com | Email: prospectus@smbcnikko-si.com |
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.
About Brookfield
Brookfield (NYSE: BAM, TSX: BAM.A) is a leading global alternative asset manager with approximately US$690 billion of assets under management across real estate, infrastructure, renewable power and transition, private equity and credit. Brookfield owns and operates long-life assets and businesses, many of which form the backbone of the global economy. Utilizing its global reach, access to large-scale capital and operational expertise, Brookfield offers a range of alternative investment products to investors around the world—including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors.
For more information, please contact:
| Media | Investor Relations | |
| Kerrie McHugh | Linda Northwood | |
| Tel: +1 212 618 3469 | +1 416 359-8647 | |
| Email: kerrie.mchugh@brookfield.com | linda.northwood@brookfield.com |
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. The word “intends” and derivations thereof and other expressions that are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify forward-looking statements.
Forward-looking statements in this news release include statements with respect to the use of proceeds from the offering described in this news release. Although Brookfield believes that such forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information as such statements and information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Brookfield to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.
Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include: economic and financial conditions in the countries in which we do business or may do business; the behavior of financial markets, including fluctuations in interest and exchange rates; availability of equity and debt financing; and other risks and factors in the prospectus and as detailed from time to time in Brookfield’s Annual Report on Form 40-F filed with the Securities and Exchange Commission as well as other documents filed by Brookfield with the securities regulators in Canada and the United States.
We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to Brookfield, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, Brookfield undertakes no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.