Brookfield Asset Management Announces Pricing of $600 Million Notes Due 2030 and $400 Million Notes Due 2036

Rhea-AI Summary

Brookfield Asset Management (NYSE: BAM) priced a public offering of senior notes totaling $1.0 billion: $600 million due 2030 at 4.653% and $400 million due 2036 at 5.298%. Net proceeds will be used for general corporate purposes. The offering is expected to close on November 18, 2025, subject to customary closing conditions, and is being offered under BAM’s existing base shelf prospectus and Form F-10 registration (SEC File No. 333-287429). Prospectus materials are available on EDGAR and SEDAR+. Investors are directed to read the prospectus supplement and filings for full details.

Positive

• Issued $1.0B aggregate senior notes
• $600M notes due 2030 at 4.653% interest
• $400M notes due 2036 at 5.298% interest
• Expected closing date: November 18, 2025

Negative

• Proceeds allocated to general corporate purposes (no specific projects)
• New fixed-rate debt increases interest expense obligations

Insights

Credit Strategist

Brookfield priced $1.0 billion of senior notes at market yields; deal funds general corporate uses and closes Nov 18, 2025.

Brookfield issued $600 million of 2030 senior notes at 4.653% and $400 million of 2036 senior notes at 5.298%. This expands its unsecured debt maturing in 2030 and 2036 and increases near‑term liquidity for corporate uses. The proceeds allocation is stated as general corporate purposes, not earmarked for specific investments or repayments.

Key dependencies include successful closing on Nov 18, 2025 and customary conditions to the offering. Interest costs are explicit and fixed, so cash interest obligations rise by the stated coupon amounts; no claim of regulatory approval of the notes is made. Watch the announced closing on Nov 18, 2025, any follow‑up disclosures that specify use of proceeds, and future filings showing debt schedule and interest expense impact over the next 12–24 months.

NEW YORK, Nov. 13, 2025 (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 announced the pricing of a public offering of (i) $600 million principal amount of senior notes due 2030, which will bear interest at a rate of 4.653% per annum (the “2030 notes”), and (ii) $400 million principal amount of senior notes due 2036, which will bear interest at a rate of 5.298% per annum (the “2036 notes” and, together with the 2030 notes, the “notes”).

The net proceeds from the sale of the notes will be used for general corporate purposes. The offering is expected to close on November 18, 2025, subject to the satisfaction of customary closing conditions.

The notes are being offered under 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 (File No. 333-287429). 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:

Citigroup Global Markets Inc. c/o Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, NY 11717 Telephone: 1-800-831-9146 Email: prospectus@citi.com

Wells Fargo Securities, LLC 608 2nd Avenue South, Suite 1000 Minneapolis, MN 55402 Attn: WFS Customer Service Telephone: 1-800-645-3751 Email: wfscustomerservice@wellsfargo.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: Simon Maine Tel: +44 739 890 9278 Email: simon.maine@brookfield.com

Investor Relations: Jason Fooks Tel: (212) 417-2442 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, renewable power and transition, 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”). You can identify these forward-looking statements by the use of words such as “outlook”, “believe”, “think”, “expect”, “potential”, “continue”, “may”, “should”, “seek”, “approximately”, “predict”, “intend”, “will”, “plan”, “estimate”, “anticipate”, the negative version of these words, other comparable words or other statements that do not relate strictly to historical or factual matters. These statements identify prospective information. Important factors could cause actual results to differ, possibly materially, from those indicated in these statements. Forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. Such forward-looking statements are subject to risks and uncertainties and assumptions relating to our operations, financial results, financial condition, business prospects, growth strategy and liquidity. In particular, the forward-looking statements contained in this news 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 Canada and the United States, not presently known to BAM, or that BAM currently believes are not material, could cause actual results or events 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 annual reports on Form 10-K, and to “Item 2 - Management’s Discussion and Analysis of Financial Condition and Results of Operations” in BAM’s most recently filed quarterly report on Form 10-Q.

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 November 13, 2025 regarding debt issuance?

BAM priced $600M senior notes due 2030 at 4.653% and $400M senior notes due 2036 at 5.298%.

When is the BAM notes offering expected to close and under what registration?

The offering is expected to close on November 18, 2025 under BAM’s base shelf prospectus and Form F-10 (SEC File No. 333-287429).

How will BAM use the proceeds from the $1.0 billion notes offering (BAM)?

Net proceeds are designated for general corporate purposes.

Where can investors obtain the BAM prospectus supplement and offering documents?

Copies are available free on EDGAR (www.sec.gov/edgar) and SEDAR+ (www.sedarplus.ca) or from the joint book‑running managers.

What are the interest rates and maturities for BAM’s 2030 and 2036 notes?

The 2030 notes bear interest at 4.653% per annum and the 2036 notes at 5.298% per annum.