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Non-Tech : Brookfield Asset Management

BAM 53.37

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Dec 26 9:30 AM EST

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From: JakeStraw	4/7/2008 3:13:03 PM
	of 75

Brookfield Asset Management Announces US$1 Billion Financing for Longview Timberlands biz.yahoo.com Thursday April 3, 4:12 pm ET TORONTO, ONTARIO--(MARKET WIRE)--Apr 3, 2008 -- Brookfield Asset Management Inc. (Toronto:BAM.TO)(NYSE:BAM)(AEX: BAMA) announced today that it has secured $1 billion of long-term financing for Longview Timberlands, LLC from a lending syndicate. This issuance consists of three equal fixed rate tranches with an average term of 7.3 years and an average coupon of 5.17%, and a five-year $75 million floating rate note priced at LIBOR plus 160 basis points. Longview is one of the largest and highest quality portfolios of freehold timberlands in the U.S., with 588,000 acres of prime, freehold timberlands in Washington and Oregon. Longview represents a key component of Brookfield's strategy of investing in high quality assets that generate long-term sustainable cash flows that increase in value over time.

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