BROOKFIELD FINANCE INC.
US$[●] [●]% NOTES DUE 2055
PRELIMINARY TERM SHEET
February 27, 2025
| Issuer: | Brookfield Finance Inc. |
| Guarantor: | Brookfield Corporation |
| Guarantee: | The Notes (as defined below) will be fully and unconditionally guaranteed as to payment of principal, premium (if any) and interest and certain other amounts by Brookfield Corporation. |
| Security: | [●]% Senior Unsecured Notes due [●], 2055 (the "Notes") |
| Format: | SEC registered |
| Size: |
US$[●] One or more of the underwriters may sell to affiliates of Brookfield Wealth Solutions Ltd. and certain other institutional investors US$[●] aggregate principal amount (if any) of the Notes at the public offering price (for which no underwriting discount or commissions will be paid). |
| Trade Date: | February 27, 2025 |
| Expected Settlement Date: | March 3, 2025 (T+2) |
| Maturity Date: | [●], 2055 |
| Coupon: | [●]% |
| Interest Payment Dates: | [●] and [●], commencing [●], 2025 |
| Price to Public: | [●]% |
| Benchmark Treasury: | [The Spread to Benchmark Treasury, and any disclosure relating to the Spread to Benchmark Treasury, has been removed in accordance with subsection 9A.3(4) of National Instrument 44-102 - Shelf Distributions ("NI 44-102").] |
| Benchmark Treasury Price & Yield: | [The Spread to Benchmark Treasury, and any disclosure relating to the Spread to Benchmark Treasury, has been removed in accordance with subsection 9A.3(4) of NI 44-102.] |
| Spread to Benchmark Treasury: | [The Spread to Benchmark Treasury, and any disclosure relating to the Spread to Benchmark Treasury, has been removed in accordance with subsection 9A.3(4) of NI 44-102.] |
| Yield: | [●]% |
| Denominations: | Initial denominations of US$2,000 and subsequent multiples of US$1,000 |
| Covenants: |
Change of control (put @ 101%) Negative pledge Consolidation, merger, amalgamation and sale of substantially all assets |
| Redemption Provisions: | |
| Make-Whole Call: | Prior to [●], 2054 (six months prior to maturity), treasury rate plus [●] basis points |
| Par Call: | At any time on or after [●], 2054 (six months prior to maturity), at 100% of the principal amount of the Notes to be redeemed |
| Use of Proceeds: | The net proceeds from the sale of the Notes will be used for general corporate purposes |
| CUSIP / ISIN: | 11271L AP7 / US11271LAP76 |
| Joint Book-Running Managers1: |
Deutsche Bank Securities Inc. SMBC Nikko Securities America, Inc. |
| Co-Managers: | [●] |
1 This offering will be made in Canada by [●], a broker-dealer affiliate of [●].
Under Rule 15c6-1 under the U.S. Securities Exchange Act of 1934, trades in the secondary market generally are required to settle in one business day unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes prior to the delivery of the Notes hereunder may be required, by virtue of the fact that the Notes initially will settle in T+2, to specify an alternative settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the Notes who wish to trade the Notes prior to their date of delivery hereunder should consult their own advisors.
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The Notes will be issued as a separate series of debt securities under a twelfth supplemental indenture to be dated as of the date of the issuance of the Notes (the "Twelfth Supplemental Indenture") to the base indenture dated as of June 2, 2016 (the "Base Indenture") (together with the Twelfth Supplemental Indenture, the "Indenture"), between Brookfield Finance Inc., Brookfield Corporation, as guarantor, and Computershare Trust Company of Canada, as trustee. The foregoing is a summary of certain of the material attributes and characteristics of the Notes, which does not purport to be complete and is qualified in its entirety by reference to the Indenture.
No PRIIPs or UK PRIIPs key information document (KID) has been prepared as European Economic Area or UK retail investors are not targeted.
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Brookfield Corporation published this content on February 27, 2025, and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on February 27, 2025 at 14:25:26.503.
