Brookfield Asst Stock Price, News & Analysis

On April 20, 2023, Clarios Global LP announced the pricing of $750 million in senior secured notes with a 6.750% coupon, up from a previously planned $500 million. Additionally, the Company increased its new term loan facility from $1 billion to $2.75 billion, maturing in May 2030 at a margin of SOFR plus 3.75%. The total refinancing amounts to $3.5 billion and is aimed at extending the capital structure's maturity without raising overall borrowing costs significantly. Closing is expected on May 4, 2023. Proceeds will repay existing loans maturing April 2026. Clarios, owned by Brookfield Business Partners, focuses on advanced energy storage solutions.

Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) has announced its first quarter 2023 conference call and webcast scheduled for May 10, 2023, at 11:00 a.m. (ET). Results will be released that morning before 7:00 a.m. (ET) and will be available on the company’s website.

Participants can join via conference call by pre-registering to receive a dial-in number and PIN that bypasses the operator. The webcast can also be accessed through a dedicated link, with a replay available for 90 days.

Brookfield, a top global alternative asset manager, oversees approximately $800 billion in assets across various sectors including renewable energy, infrastructure, and real estate, focusing on long-term investments in real assets.

BROOKFIELD, NEWS, April 06, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) has filed its 2022 annual materials on Form 20-F with the SEC and Canadian securities authorities. This includes audited financial statements and management’s discussion and analysis for the year ending December 31, 2022. The documents are accessible on Brookfield's website and will be provided free of charge upon request.

Brookfield Asset Management is a leading alternative asset manager, managing approximately $800 billion in assets across various sectors, including renewable energy, infrastructure, and private equity. The firm focuses on long-term investments in real assets that support the global economy.

Fundamental Income Properties has launched its inaugural structured debt financing program with the issuance of $328.9 million in long-term, fixed-rate notes. The notes, rated ‘AA’ and ‘A’ by S&P, were offered to institutional investors as part of the FI Master Trust program. Since its inception in April 2020, the company has acquired over $1.2 billion in single-tenant properties. This program aims to enhance access to affordable debt capital, supporting clients in M&A and expansion initiatives. The notes are exempt from standard registration, sold under Rule 144A in the U.S. and Regulation S internationally.

ClearPath Energy has successfully closed a significant lending facility with Brookfield Asset Management, aiming to enhance its renewable energy projects across the U.S. This financial backing will facilitate the expansion of ClearPath's 2 gigawatt pipeline and accelerate the development of late-stage assets towards construction and operational phases. ClearPath intends to prioritize funding for its operating and construction-stage projects, fostering growth in its renewable energy portfolio. The partnership highlights Brookfield's commitment to supporting essential renewable power initiatives that align with decarbonization goals.

Brookfield Asset Management Ltd. (NYSE: BAM) reported strong financial results for 2022, achieving distributable earnings of $2.1 billion and raising a record $93 billion in capital. The company noted an increase of 26% in fee-related earnings year-over-year, reflecting robust fundraising activities. Key metrics include a fee-related earnings per share of $1.29 and a quarterly dividend of $0.32 declared for March 2023. As of December 31, 2022, Brookfield maintained zero debt with $91 billion available for new investments. The company is optimistic about 2023, expecting significant growth in fee-related earnings from upcoming flagship fund contributions.

Fundamental Income Properties, a Phoenix-based net lease real estate company, has achieved over $1 billion in acquisitions since its inception in April 2020. Backed by Brookfield Asset Management (NYSE: BAM), the company specializes in sale-leaseback transactions, targeting amounts from $5 to $500 million. It has acquired 240 properties across six million square feet in the U.S. and Canada. In 2022 alone, the firm invested more than $550 million and aims to support businesses in capitalizing and growing despite economic fluctuations.

Centerview Partners has appointed Fabio Gallia as a Senior Advisor based in Paris. With over 30 years of experience, Gallia was formerly General Manager at Fincantieri, the leading shipbuilding company with €7 billion in revenue. He also served as CEO of Cassa Depositi e Prestiti, managing over €400 billion in assets. Gallia's extensive experience includes advisory roles for Brookfield Asset Management (NYSE: BAM) and independent board member at Edison S.p.A.. His addition is expected to enhance Centerview's growth in Italy and across Europe.

Brookfield Asset Management (NYSE/TSX: BAM) will host its fourth quarter 2022 conference call on February 8, 2023, at 10:00 a.m. (ET). Results will be released before 7:00 a.m. (ET) that day. Interested participants can join via conference call or webcast. To join by conference call, pre-registration is required, after which unique dial-in information will be provided. The webcast can be accessed at this link, with a replay available for 90 days.