06:26 AM EDT, 06/18/2024 (MT Newswires) -- Brookfield late on Monday said it priced its $450 million public offering of senior notes due in 2035 and a $200 million re-opening of its 5.968% notes due in 2054.

The 2035 notes will bear 5.675% interest per year.

The 2054 notes will form part of the same series as the already outstanding US$750 million ($1.03 billion) principal amount of 5.968% notes due 2054, which were issued on March 4. The terms of the new 2054 notes will be identical to the existing notes, other than the issue date and the issue price. The new notes will be issued at 101.435% of their face value plus accrued and interest from March 4 and will have an effective yield of 5.864% if held to maturity.

Brookfield Finance Inc., an indirect 100% owned subsidiary of Brookfield, will issue the notes, which will be fully and unconditionally guaranteed by Brookfield.

The company plans to use the net proceeds for general corporate purposes. The offering is expected to close on June 21.

The stock, which was up 0.3% in Canada yesterday, slipped over 1% in premarket U.S. trading on Tuesday.