Brookfield Announces Initial Close of First European Core-Plus Real Estate Fund
BROOKFIELD NEWS, July 16, 2020 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. ("Brookfield") (NYSE: BAM, TSX: BAM.A) today announced the initial closing of its first European core-plus real estate fund, Brookfield European Real Estate Partnership ("BEREP" or the "Fund"), with total equity commitment to date of EUR725 million.
Superior Plus Announces Closing of US$260 Million (Approximately C$350 Million) Strategic Investment by Brookfield
Superior Plus Corp. ("Superior" or the "Company") (TSX: SPB) is pleased to announce the closing of its previously announced US$260 million (approximately C$350 million) equity investment (the "Brookfield Investment") by an affiliate of Brookfield Asset Management Inc. (the "Investor") through the purchase of newly created perpetual exchangeable Series 1 Preferred Stock (the "Preferred Stock") issued by a U.S. subsidiary of Superior, Superior US Holdings Inc. ("Superior US Holdings"), on a private placement basis.
ADNOC Announces $20.7 Billion Energy Infrastructure Deal
Joint venture will yield $10.1 billion in foreign direct investment in one of the largest global energy infrastructure transactionsLargest transaction in ADNOC's strategy to proactively manage its assets and maximize value, launched in 2017Foreign investment into ADNOC's infrastructure unlocks significant capital to reinvest in ADNOC's strategic growth projects and reinforces the UAE as an investment destination of choiceLandmark transaction creates a further benchmark for large-scale energy infrastructure investment into the UAE and wider region from leading global institutional investors
Brookfield Asset Management Announces Results of Conversion of its Series 42 Preferred Shares
Brookfield Asset Management Inc. (TSX: BAM.A, NYSE: BAM) today announced that after having taken into account all election notices received by the June 15, 2020 deadline for the conversion of its Cumulative Class A Preference Shares, Series 42 (the "Series 42 Shares") (TSX: BAM.PF.G) into Cumulative Class A Preference Shares, Series 43 (the "Series 43 Shares"), there were 132,682 Series 42 Shares tendered for conversion, which is less than the one million shares required to give effect to conversions into Series 43 Shares. Accordingly, there will be no conversion of Series 42 Shares into Series 43 Shares, and holders of Series 42 Shares will retain their Series 42 Shares.
Brookfield Asset Management Announces Results of Annual Meeting of Shareholders
Brookfield Asset Management Inc. (TSX: BAM.A, NYSE: BAM) today announced that all eight nominees proposed for election to the board of directors by holders of Class A Limited Voting Shares ("Class A Shares") and all eight nominees proposed for election to the board of directors by the holder of Class B Limited Voting Shares ("Class B Shares") were elected at the company's annual meeting of shareholders held on June 12, 2020 in a virtual meeting format. Detailed results of the vote for the election of directors are set out below.
Early Warning Release
All amounts in Canadian dollars unless otherwise stated.
Polaris Infrastructure Completes US$27 Million Debt Financing
, /PRNewswire/ - Polaris Infrastructure Inc. (TSX: PIF) ("Polaris" or the "Company"), a -based company engaged in the operation, acquisition and development of renewable energy projects in , is pleased to announce that it has closed on a loan financing (the "Loan") today with the Brookfield Infrastructure Debt Fund, a global credit-focused fund managed by Brookfield Asset Management Inc (NYSE: BAM).The Loan has been made to a 100% owned non-operating subsidiary of Polaris that holds all of the equity of its operating run-of-river hydro projects in , including the Canchayllo (5 MW), El Carmen (8 MW) and the 8 de Agosto (20 MW) projects. The use of proceeds of the Loan will be to repay the aggregate principal amount of the existing senior loan at Canchayllo, with the remaining net proceeds to be used for general corporate purposes by Polaris. Under the terms of the Loan, Brookfield Infrastructure Debt Fund has been granted senior security on the Canchayllo project and second security on the El Carmen and 8 de Agosto projects and has an 8-year term.
Vivint Solar Closes $545 Million Of New Financing In Two Separate Transactions
, /PRNewswire/ -- (NYSE: VSLR), a leading full-service residential solar provider in , today announced the closing of two separate debt transactions, totaling in incremental lender commitments. The first is a upsize to the company's already existing multi-lender revolving warehouse facility closed in 2019, for a total of in aggregate commitments. The second is a hold-co loan facility provided by the Brookfield Infrastructure Debt Fund, a global credit-focused platform managed by Brookfield Asset Management Inc. (NYSE: BAM).