Brookfield Corporation Announces Pricing of $700 Million Subordinated Notes Due 2055
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Brookfield Corporation has announced the pricing of a $700 million public offering of subordinated notes due in 2055.
December 10, 2024 | 10:00 pm
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Brookfield Corporation has priced a $700 million public offering of subordinated notes due in 2055, which could impact its financial structure and credit profile.
The issuance of subordinated notes can affect Brookfield's financial structure by increasing its debt levels. However, the long-term maturity date suggests a strategic move to secure long-term financing. The impact on stock price is neutral in the short term as it primarily affects the company's credit profile rather than immediate earnings.
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