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Brookfield Asset Management (NYSE: BAM) sets up $1B commercial paper program

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(Moderate)
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Form Type
8-K

Rhea-AI Filing Summary

Brookfield Asset Management Ltd. has established a new commercial paper program that allows it to issue unsecured short-term notes up to a maximum aggregate amount outstanding of $1 billion at any time. This flexible funding tool is intended to provide another source of short-term capital.

The company states that proceeds from any commercial paper issuance will be used for general corporate purposes, which can include routine funding needs or broader corporate activities. The notes will be offered on a private placement basis and will not be registered under the U.S. Securities Act, limiting offers and sales in the United States to transactions relying on applicable exemptions.

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Insights

$1B commercial paper program adds flexible short-term funding.

Brookfield Asset Management has set up a commercial paper program permitting unsecured notes up to $1 billion outstanding. Commercial paper is a short-term debt instrument, typically used by large, investment-grade issuers to manage ongoing liquidity and working capital needs efficiently.

The program is described as a private placement, with notes not registered under the U.S. Securities Act, so issuance will rely on exemptions and institutional demand. The company highlights diversification and strengthening of its balance sheet by adding another short-term capital source, though the actual impact depends on how much paper is issued and at what cost over time.

Proceeds are earmarked for general corporate purposes, giving management latitude in deployment without specific project commitments in this disclosure. Future usage levels and any related debt disclosures in filings for periods after March 3, 2026 will show how heavily Brookfield relies on this program compared with other funding channels.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  March 3, 2026

_______________________________

Brookfield Asset Management Ltd.

(Exact name of registrant as specified in its charter)

_______________________________

British Columbia, Canada001-4156398-1702516
(State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

225 Liberty Street, 8th Floor

New York, New York 10281-1048

(Address of Principal Executive Offices) (Zip Code)

(212) 417-7000

(Registrant's telephone number, including area code)

 

(Former name or former address, if changed since last report)

_______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A Limited Voting SharesBAMNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 
 
Item 8.01. Other Events.

 

On March 3, 2026, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit Number Description
   
99.1 Press Release dated March 3, 2026
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 Brookfield Asset Management Ltd.
   
  
Date: March 3, 2026By: /s/ Kathy Sarpash        
  Kathy Sarpash
  Managing Director, Legal & Regulatory and Corporate Secretary
  

 

EXHIBIT 99.1

Brookfield Asset Management Announces $1 Billion Commercial Paper Program

NEW YORK, March 03, 2026 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM) (TSX: BAM) (“Brookfield”) announced today that it has established a commercial paper program on a private placement basis. Under the program, Brookfield may issue unsecured commercial paper notes (the “notes”) up to a maximum aggregate amount outstanding at any time of $1 billion. The program is expected to further diversify and strengthen Brookfield’s balance sheet by providing another source of short-term capital. The proceeds from the issuance of any notes will be used for general corporate purposes.

The notes to be offered under the program have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements of the Securities Act and applicable state laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy notes under Brookfield Asset Management’s commercial paper program and is being issued in accordance with Rule 135c under the Securities Act.

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 renewable power and transition, infrastructure, 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.

For more information, please visit our website at www.bam.brookfield.com

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

Notice to Readers

This press release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “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 in any applicable Canadian securities regulations (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, 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 in turn are 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 Brookfield 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 commercial paper program and the expected use of proceeds from the program.

Although Brookfield 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 Brookfield, or that Brookfield currently believes are not material, could cause actual results to differ materially from those contemplated or implied by forward-looking statements. 

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 press release. Except as required by law, Brookfield undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, as a result of new information, future events or otherwise.

FAQ

What did Brookfield Asset Management (BAM) announce in this 8-K filing?

Brookfield Asset Management announced it has established a commercial paper program allowing issuance of unsecured notes up to $1 billion outstanding. The program is on a private placement basis and is intended to provide an additional short-term capital source for the company.

How large is Brookfield Asset Management’s new commercial paper program?

The commercial paper program permits Brookfield Asset Management to issue unsecured commercial paper notes up to a maximum aggregate amount of $1 billion outstanding at any time. This cap defines the total short-term borrowing that can be in place under the program simultaneously.

What will Brookfield Asset Management use the commercial paper proceeds for?

Brookfield Asset Management states that proceeds from issuing commercial paper notes will be used for general corporate purposes. This broad category can encompass routine funding needs, working capital, and other corporate activities, without being tied to a specific project in this disclosure.

Are Brookfield Asset Management’s commercial paper notes registered with the SEC?

The commercial paper notes have not been and will not be registered under the U.S. Securities Act of 1933. They may not be offered or sold in the United States without registration or a valid exemption under the Securities Act and applicable state securities laws.

How is Brookfield Asset Management’s commercial paper program expected to affect its balance sheet?

Brookfield Asset Management expects the commercial paper program to diversify and strengthen its balance sheet by adding another source of short-term capital. This can broaden its funding options, alongside existing financing arrangements, depending on how actively the program is used.

Is Brookfield Asset Management’s commercial paper program an offer to sell securities?

Brookfield clarifies that this announcement does not constitute an offer to sell or a solicitation of an offer to buy notes. The release is issued in accordance with Rule 135c under the Securities Act, describing the program without launching a public offering.

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Brookfield Asst

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