UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of: April 2021 | Commission File Number: 001-15160 |
Brookfield
Asset Management Inc.
(Name of Registrant)
Brookfield Place
Suite 300
181 Bay Street, P.O. Box 762
Toronto, Ontario, Canada M5J 2T3
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ¨ | Form 40-F x |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Exhibit 99.1 of this Form 6-K shall be incorporated by reference as an exhibit to the Registration Statement of Brookfield Asset Management Inc. and Brookfield Finance Inc. on Form F-10 (File Nos. 333-249132 and 333-249132-01).
EXHIBIT INDEX
Exhibit | Description of Exhibit | ||
99.1 | Preliminary Term Sheet dated April 7, 2021 |
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, thereunto duly authorized.
BROOKFIELD ASSET MANAGEMENT INC. |
Date: April 7, 2021 | By: | /s/ Thomas Corbett | |
Name: | Thomas Corbett | ||
Title: | Managing Director |
Exhibit 99.1
A final base shelf prospectus containing important information relating to the securities described in this document has been filed with the securities regulatory authorities in each of the provinces of Canada. A copy of the final base shelf prospectus, any amendment to the final base shelf prospectus and any applicable shelf prospectus supplement that has been filed, is required to be delivered with this document.
This document does not provide full disclosure of all material facts relating to the securities offered. Investors should read the final base shelf prospectus, any amendment and any applicable shelf prospectus supplement for disclosure of those facts, especially risk factors relating to the securities offered, before making an investment decision.
BROOKFIELD FINANCE INC.
US$500,000,000 [●]% NOTES DUE 2031
PRELIMINARY TERM SHEET
April 7, 2021
Issuer: | Brookfield Finance Inc. |
Guarantor: | Brookfield Asset Management Inc. |
Guarantee:
|
The Notes will be fully and unconditionally guaranteed as to payment of principal, premium (if any) and interest and certain other amounts by Brookfield Asset Management Inc. |
Guarantor’s Ticker: | BAMACN |
Security: | [●]% Senior Unsecured Notes due 2031 |
Format: | SEC registered |
Size: |
US$500,000,000 |
Trade Date: | April 7, 2021 |
Expected Settlement Date: | April 12, 2021 (T+3) |
Maturity Date: | April 15, 2031 |
Coupon: | [●]% |
Interest Payment Dates: | [●] and [●], commencing [●], 2021 |
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 substantial assets |
Redemption Provisions: |
|
Make-Whole Call: | Prior to January 15, 2031 (three months prior to maturity), treasury rate plus [●] basis points |
2
Par Call: | At any time on or after January 15, 2031 (three months prior to maturity), at 100% of the principal amount of the Notes to be redeemed |
Use of Proceeds: | An amount equal to the net proceeds from the sale of the Notes will be allocated to the financing and/or refinancing of recently completed and future Eligible Green Projects, including the development and redevelopment of such projects. Pending such allocation, the net proceeds will be temporarily used for general corporate purposes, including the early redemption of all or a portion of the outstanding Cdn$600 million principal amount of 4.54% notes due March 31, 2023 issued by the Guarantor. |
CUSIP/ISIN: | [●] / [●] |
Joint Book-Running Managers1: |
Citigroup Global Markets Inc. SMBC Nikko Securities America, Inc. Deutsche Bank Securities Inc. HSBC Securities (USA) Inc. |
Co-Managers: |
[●] |
Capitalized terms used and not defined herein have the meanings assigned in the Issuer and the Guarantor’s Preliminary Prospectus Supplement, dated April 7, 2021 to the Short Form Base Shelf Prospectus dated October 6, 2020.
The Notes will be issued as a separate series of debt securities under a seventh supplemental indenture to be dated as of the date of the issuance of the Notes (the “Seventh Supplemental Indenture”) to the base indenture dated as of June 2, 2016 (the “Base Indenture”) (together with the Seventh Supplemental Indenture, the “Indenture”), between Brookfield Finance Inc., Brookfield Asset Management Inc., 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.
1 This offering will be made in Canada by Citigroup Global Markets Canada Inc. and HSBC Securities (Canada) Inc.
3