Brookfield Asset Management Announces Pricing of $550 Million of Notes Due 2031 and $450 Million Re-Opening of Notes Due 2036

Rhea-AI Summary

Brookfield Asset Management (NYSE: BAM) priced a debt offering on April 14, 2026, consisting of $550 million senior notes due 2031 at a 4.832% coupon and a $450 million re-opening of 5.298% notes due 2036. After the re-opening, the 2036 series totals $850 million. The new 2036 notes were issued at 98.962% of principal with an effective yield of 5.434% if held to maturity. Net proceeds will be used for general corporate purposes. The offering is expected to close on April 17, 2026, subject to customary conditions.

Positive

• $1.0 billion of gross proceeds raised via two note tranches
• Long-dated funding secured with maturities in 2031 and 2036
• Known fixed coupons (4.832% and 5.298%) provide predictable interest costs

Negative

• Aggregate 2036 series increased to $850 million, raising long-term leverage
• New 2036 notes priced below par at 98.962%, increasing effective borrowing cost

News Market Reaction – BAM

+2.84%

+2.84% Session close to close

In the Apr 15 session, BAM gained 2.84%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details the pricing of $550 million in 2031 notes and a $450 million re-opening of...

Analysis

This announcement details the pricing of $550 million in 2031 notes and a $450 million re-opening of 2036 notes, expanding an existing long-dated series to $850 million. The proceeds are earmarked for general corporate purposes, adding to BAM’s funding tools alongside its previously disclosed commercial paper program. Investors may watch future filings and earnings updates for how this capital supports acquisitions, platform growth, and balance sheet management, as well as any changes in overall funding mix.

Key Figures

2031 notes issuance: $550 million 2031 notes coupon: 4.832% per annum 2036 reopening size: $450 million +5 more

8 metrics

2031 notes issuance $550 million Principal amount of senior notes due 2031

2031 notes coupon 4.832% per annum Interest rate on senior notes due 2031

2036 reopening size $450 million Re-opening of 5.298% notes due 2036

Existing 2036 notes $400 million Already outstanding 5.298% notes due 2036

2036 series total $850 million Aggregate principal after 2036 re-opening

2036 notes issue price 98.962% Issue price of new 2036 notes vs principal

2036 notes yield 5.434% Effective yield to maturity on new 2036 notes

Assets under management Over $1 trillion BAM’s assets under management referenced in release

Historical Context

5 past events · Latest: Apr 08 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 08	Acquisition completion	Positive	+2.9%	Completion of large Air Lease acquisition by a Brookfield-led investor group.
Apr 08	Earnings call notice	Neutral	+2.9%	Announcement of BAM’s first quarter 2026 results call and webcast timing.
Apr 02	Earnings call notice	Neutral	-0.5%	GrafTech schedules first quarter 2026 earnings call and webcast.
Mar 26	Price increase	Neutral	-0.1%	GrafTech announces graphite electrode price increase on uncommitted volume.
Mar 25	Acquisition announcement	Positive	+1.9%	Agreement for Boralex to be acquired by Brookfield and La Caisse.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent Brookfield-related news, particularly acquisitions and corporate updates, has generally coincided with modestly positive price reactions in the following session.

Recent Company History

Over the past months, Brookfield-related news has focused on acquisitions, corporate events, and earnings communications. On Mar 25, a Boralex acquisition agreement implied a $9.0B enterprise value and BAM-linked shares rose 1.91%. An Air Lease acquisition closing on Apr 8 and BAM’s own Q1 2026 conference call announcement the same day saw +2.91% moves. Earlier items involved GrafTech earnings/corporate updates with relatively muted reactions. Today’s note issuance fits into this pattern of ongoing capital markets and transaction activity.

Key Terms

senior notes, principal amount, prospectus supplements, base shelf prospectus, +4 more

8 terms

senior notes financial

"priced an offering of (i) $550 million principal amount of senior notes due 2031"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

principal amount financial

"$550 million principal amount of senior notes due 2031"

The principal amount is the original sum of money that is borrowed, lent, or invested before any interest, fees, or returns are added. It matters to investors because interest charges, scheduled repayments, and total return are calculated from that base amount — think of it as the price tag on which future costs or gains are built. Knowing the principal helps you compare deals and predict cash flows and risk.

prospectus supplements regulatory

"The notes are being offered pursuant to prospectus supplements to BAM’s existing base shelf prospectus"

A prospectus supplement is an official add-on to a securities prospectus that provides new or updated details about a specific stock, bond, or other offering, such as terms, risks, or financial data. Investors use it like a product label update—checking it tells them what exactly is being offered, any changes from the original plan, and whether the investment's risks, size, or price have shifted, which can affect buy, hold, or sell decisions.

base shelf prospectus regulatory

"pursuant to prospectus supplements to BAM’s existing base shelf prospectus filed in the United States and Canada"

A base shelf prospectus is a pre-approved regulatory document that lets a company register a range of securities once and then sell them to the public over time without repeating the full approval process for each offering. For investors it’s like a menu and standing permission slip: it lays out the types of securities, key risks and terms ahead of any specific sale, so buyers can assess potential dilution, timing and the company’s plans before new shares or debt hit the market.

registration statement regulatory

"pursuant to an effective registration statement on Form F-10 on file with the U.S. Securities and Exchange Commission"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

form f-10 regulatory

"an effective registration statement on Form F-10 on file with the U.S. Securities and Exchange Commission"

Form F-10 is a standardized prospectus document filed with Canadian securities regulators when a Canadian company offers shares or other securities to the public. It lays out the company’s business, financial results, management, and risks—like a detailed product label that helps investors compare what they’re buying and understand potential downsides. For investors, the form matters because it provides the core information needed to evaluate the safety, value and terms of a public securities offering.

joint book-running managers financial

"copies can be obtained from the joint book-running managers and underwriters"

Joint book-running managers are the lead banks or financial firms responsible for organizing and overseeing the sale of a large financial offering, such as a company’s stock or bonds. They coordinate efforts to set the price, attract investors, and ensure the offering is successful. Their role is important to investors because they help ensure the offering is well-managed, properly priced, and accessible to a wide range of buyers.

underwriters financial

"obtained from the joint book-running managers and underwriters"

Underwriters are financial professionals or institutions that help companies raise money by selling new securities, such as stocks or bonds, to investors. They assess the risk and determine the price at which these securities should be sold, acting like a bridge between the company and the investors. Their role helps ensure that the company raises the needed funds while providing investors with options that reflect the level of risk involved.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, April 14, 2026 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (“BAM”) (NYSE: BAM, TSX: BAM), a leading global alternative asset manager headquartered in New York with over $1 trillion of assets under management, today 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.

Copies of the prospectus supplement and accompanying base shelf prospectus may be obtained free of charge on EDGAR at www.sec.gov/edgar or on SEDAR+ at www.sedarplus.ca. Before you invest, you should read these documents and other public filings by BAM for more complete information about BAM and this offering.

Alternatively, copies can be obtained from the joint book-running managers and underwriters:

RBC Capital Markets, LLC Brookfield Place, 200 Vesey Street, 8th Floor New York, NY 10281 Telephone: 1-866-375-6829 Email: rbcnyfixedincomeprospectus@rbccm.com	SMBC Nikko Securities America, Inc. 277 Park Avenue New York, NY 10172 Telephone: 1-888-868-6856 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 in this news release, nor will 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.

Contact Information

Media:	Investor Relations:
Simon Maine	Jason Fooks
Tel:(332) 298-0447	Tel: (212) 417-2442
Email: simon.maine@brookfield.com	Email: jason.fooks@brookfield.com

About Brookfield Asset Management

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management across infrastructure, energy, private equity, real estate, and credit. We invest client capital for the long-term with a focus on real assets and essential service businesses that form the backbone of the global economy. We offer 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. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles.

Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of other relevant securities legislation, including applicable securities laws in Canada, which reflect our current views with respect to, among other things, our operations and financial performance (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature and depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions and which are in turn based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of BAM are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions. In particular, the forward-looking statements contained in this press release include statements referring to the offering, the expected use of proceeds from the offering and the expected closing date of the offering.

Although BAM believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, certain factors, risks and uncertainties, which are described from time to time in our documents filed with the securities regulators in the United States and Canada, not presently known to BAM, or that BAM currently believes are not material, could cause actual results to differ materially from those contemplated or implied by forward-looking statements. Reference should be made to “Item 1A - Risk Factors” and “Item 7 - Management’s Discussion and Analysis of Financial Condition and Results of Operations - Forward-Looking Statements” in BAM’s most recently filed annual report on Form 10-K.

Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this news release. Except as required by law, BAM undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise.

FAQ

What did BAM announce on April 14, 2026 about its debt offering?

BAM announced pricing of $550 million notes due 2031 and a $450 million re-opening of 2036 notes. According to the company, the 2031 notes carry a 4.832% coupon and the new 2036 notes join an existing series to total $850 million.

How will the $450 million re-opening affect BAM's 2036 note series (BAM)?

The re-opening increases the 2036 series to $850 million in aggregate principal. According to the company, the new 2036 notes have identical terms to existing notes except issue date and price, and were issued at 98.962%.

What are the interest rates and yields for BAM's new notes (NYSE: BAM)?

The 2031 notes bear interest at 4.832% and the 2036 notes carry a 5.298% coupon. According to the company, the new 2036 notes were issued at an effective yield of 5.434% if held to maturity.

When is the BAM notes offering expected to close and what are proceeds for?

The offering is expected to close on April 17, 2026, subject to customary conditions. According to the company, net proceeds will be used for general corporate purposes.

What does pricing the notes mean for BAM shareholders and bond investors (BAM)?

Pricing establishes coupon, issue price, and expected yield for investors and company borrowing costs. According to the company, the terms set predictable interest payments through 2031 and 2036 and clarify funding available for corporate use.