Brookfield Finance to redeem $550 million 2024 notes on July 14

By Wendy Van Sickle

Columbus, Ohio, June 14 – Brookfield Finance Inc. will redeem $550 million of its 4% senior notes due April 1, 2024 on a pro rata basis on July 14, according to a news release.

The redemption price will be determined in accordance with the March 10, 2017 note indenture and will include accrued interest to the redemption date.

The notes were issued by Brookfield Finance LLC and subsequently assumed by Brookfield Finance Inc. They are fully guaranteed by Brookfield Corp.

As previously reported, the company announced that it would redeem the notes from the proceeds of a $500 million offering of senior notes due 2023 sold by Brookfield Capital Finance LLC and guaranteed by Brookfield Corp.

Brookfield is a Toronto-based alternative asset manager which deploys capital across asset management, insurance solutions and operating businesses.

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