Brookfield Asset Management Prices $1 Billion in Senior Notes to Fund Growth Initiatives

BAM
November 14, 2025

Brookfield Asset Management announced the pricing of $600 million in senior notes due 2030 and $400 million in senior notes due 2036, totaling $1 billion in new debt. The 2030 notes carry a coupon of 4.653% per annum, while the 2036 notes carry a coupon of 5.298%. The net proceeds will be used for general corporate purposes, providing the firm with additional liquidity to support its growth initiatives and capital deployment plans. The offering is expected to close on November 18, 2025.

Brookfield’s ability to raise capital at these attractive rates reflects its strong credit profile. S&P Global Ratings has assigned the company an ‘A‑’ issuer credit rating with a stable outlook, and the firm’s debt‑to‑EBITDA ratio remains below 1.5×, well within the range that investors view as low risk. The new notes add to Brookfield’s debt capacity and reinforce its capacity to fund fee‑related earnings growth while maintaining a disciplined balance sheet.

The proceeds are earmarked for general corporate purposes, but the company’s recent performance underscores the strategic intent behind the financing. In the third quarter of 2025, Brookfield raised a record $30 billion in capital and deployed $23 billion, driving fee‑related earnings to an all‑time high of $754 million. The company is also pursuing significant strategic initiatives, including the acquisition of the remaining interest in Oaktree Capital Management and the launch of an AI infrastructure fund, both of which require substantial capital outlays. The new debt will provide the liquidity needed to accelerate these initiatives without diluting equity.

Management highlighted the company’s robust fundraising momentum. Connor Teskey, President of Brookfield Asset Management, said, “We delivered strong results this quarter, highlighted by records in both capital raising of $30 billion and deployment of $23 billion, driving earnings to an all‑time high for our business.” Bruce Flatt, CEO, added, “We’re pleased to report another strong quarter for our business, marked by record fundraising, earnings deployment, and monetizations.” These comments illustrate the firm’s confidence in its growth trajectory and its disciplined approach to capital allocation.

The issuance strengthens Brookfield’s financial flexibility, allowing the firm to pursue opportunistic investments and manage existing debt obligations. While the new fixed‑rate debt will increase interest expense, the company’s strong credit rating and low leverage position it well to service the debt comfortably. The financing also signals market confidence in Brookfield’s long‑term strategy and its ability to generate sustainable fee‑related earnings.

The offering is scheduled to close on November 18, 2025, after which Brookfield will begin to deploy the proceeds in line with its strategic priorities and capital deployment plans. The company’s continued focus on high‑return investments and disciplined capital management positions it to maintain its growth momentum in the coming years.

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