Brookfield Corp Announces Note Offering and Refinancing
Brookfield Corp has made two significant announcements. The company has priced a $650 million note offering, which is expected to close on August 20.
Note Offering Details
- Offering size: $650 million
- Expected closing date: August 20
The note offering has been positively received by analysts, with JPMorgan raising its price target for Brookfield Corp to $73 from $70.
Atlantis Resort Refinancing
Brookfield’s Atlantis Resort has secured a $1.9 billion refinancing, led by Citigroup Inc.
Refinancing Details
- Loan amount: $1.9 billion
- Lead arranger: Citigroup Inc.
These developments suggest that Brookfield Corp is actively managing its finances and expanding its operations. The company’s stock has been trading within a relatively stable range, with a recent high of 94.82 and a low of 61.88.