Brookfield Asset Management Ltd. (?BAM?) priced an offering of (i) $550 million principal amount of senior notes due 2031, which will bear interest at a rate of 4.832% per annum (the ?2031 notes?), and (ii) $450 million re-opening of its 5.298% notes due 2036 (the ?new 2036 notes? and, together with the 2031 notes, the ?notes?). The new 2036 notes will form part of the same series as the already outstanding $400 million principal amount of 5.298% notes due 2036 (the ?existing 2036 notes?), which were issued on November 18, 2025.
After giving effect to the re-opening, the aggregate principal amount of the series will be $850 million. The terms of the new 2036 notes will be identical to the existing 2036 notes, other than the issue date and the issue price. The new 2036 notes will be issued at a price equal to 98.962% of their principal value plus accrued and unpaid interest from November 18, 2025 (the issue date of the existing 2036 notes) through, but excluding, the date of delivery of such notes, with an effective yield of 5.434%, if held to maturity.
The net proceeds from the sale of the notes will be used for general corporate purposes. The offering is expected to close on April 17, 2026, subject to the satisfaction of customary closing conditions. The notes are being offered pursuant to prospectus supplements to BAM?s existing base shelf prospectus filed in the United States and Canada and pursuant to an effective registration statement on Form F-10 on file with the U.S. Securities and Exchange Commission.
