On February 13, 2019, Brookfield Property Finance ULC, a subsidiary of Brookfield Property Partners L.P., announced the completion of an offering of an aggregate principal amount of $350 million of medium term notes, Series 3, due March 1, 2024, bearing interest at a rate of 4.30% per annum. The notes are fully and unconditionally guaranteed by Brookfield Property Partners and certain of its key holding subsidiaries.
The notes were offered by a syndicate of agents co-led by CIBC World Markets Inc., RBC Dominion Securities Inc., TD Securities Inc. and Scotia Capital Inc.
The net proceeds of the offering will be used for general corporate purposes.
Brookfield Property Partners is one of the world’s largest commercial real estate companies, with approximately US$87 billion in total assets.
Brookfield Property Finance ULC, Brookfield Property Partners L.P. and related entities was represented by Torys LLP with a team that included Karrin Powys-Lybbe, Jordan Fenton, Hongyi Geng and Hailey Schnier (Corporate and Securities).
The syndicate of agents was represented by Goodmans LLP with a team that included Bill Gorman, Emily Ting, Ledya Yohannes and Dennis Beker (Corporate and Securities) and Kenneth Saddington (Tax).