Brookfield Asset Management
Brookfield Asset Management is an asset management company based in Canada founded in 1899 by William Mackenzie.
Key facts
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| CAGE Code | L0JK2 |
|---|---|
| Legal Name | Brookfield Asset Management Inc. |
| Company Operating Status | Active |
| Legal Entity Identifier | C6J3FGIWG6MBDGTE8F80 |
| Public/Private | Public |
| Stock Symbol | BAM |
| Ticker Symbol | BAM |
| Wellfound ID | brookfield-asset-management |
| Wikidata ID | Q908324 |
Covenant analysis
| Covenant | Term | vs market | Source |
|---|---|---|---|
| Mandatory Prepayment - Excess Drawn Amounts · Mandatory Prepayment | Within 24 hours of written notice if Dollar Amount outstanding exceeds Available Amount | source ↗ | |
| Voluntary Prepayment - Minimum Amount · Prepayment | $1,000,000 or Cdn$1,000,000, as applicable | source ↗ | |
| Voluntary Prepayment - No Premium or Penalty · Prepayment | Prepayment permitted without premium or penalty (breakage costs may apply) | source ↗ | |
| Prohibited Use of Proceeds - Hostile Acquisition · Negative Covenant | Credit Facility may not be used to finance a Hostile Acquisition without Lender consent | source ↗ | |
| Payment Default - Principal · Event of Default | Failure to pay principal when due | source ↗ | |
| Payment Default - Interest/Other Amounts · Event of Default | Failure to pay interest or other amounts, unremedied for 5 Business Days after written notice | source ↗ | |
| Covenant Default Cure Period · Event of Default | 20 Business Days after earlier of Responsible Officer awareness or written Lender notice | source ↗ | |
| Financial Statements Delivery · Affirmative Covenant | Deliver most recently prepared financial statements at request of any Lender | source ↗ | |
| Maintenance of Existence · Affirmative Covenant | Each Borrower will maintain its existence in good standing and conduct its businesses in a prudent manner | source ↗ | |
| Minimum Borrowing Amount · Operational | $1,000,000 (USD) or Cdn$1,000,000 (CAD) | source ↗ | |
| Joint and Several Liability · Structural | Each Borrower is jointly and severally liable for all Obligations | source ↗ | |
| Applicable Margin - CDOR Loan · Pricing | 1.65% per annum | market 1.65% vs pricing median 1.375% (n=38) | source ↗ |
| Applicable Margin - Canadian Prime Rate Loan · Pricing | 0.65% per annum | market 0.65% vs pricing median 1.375% (n=38) | source ↗ |
| Applicable Margin - SOFR Loan · Pricing | 1.65% per annum | market 1.65% vs pricing median 1.375% (n=38) | source ↗ |
| Applicable Margin - U.S. Base Rate Loan · Pricing | 0.65% per annum | market 0.65% vs pricing median 1.375% (n=38) | source ↗ |
| Default Interest Rate · Pricing | 2.0% above rate otherwise applicable to Loans; all other amounts at one month Adjusted Term SOFR plus 4.0% per annum | loose 2% vs pricing median 1.375% (n=38) | source ↗ |
Contact details
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