Brookfield Asset Management Enters Material Agreement

Ticker: BAM · Form: 8-K · Filed: 2025-04-24T00:00:00.000Z

Sentiment: neutral

Topics: material-agreement, financial-obligation

TL;DR

Brookfield Asset Management just signed a big deal, creating new financial obligations.

AI Summary

On April 22, 2025, Brookfield Asset Management Ltd. entered into a material definitive agreement. This filing also indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The report was filed on April 24, 2025.

Why It Matters

This filing signals a significant new contractual commitment or financial arrangement for Brookfield Asset Management, which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to the terms of the agreement and the company's ability to meet those obligations.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Brookfield Asset Management Ltd. on April 22, 2025?

The filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in this summary.

What type of financial obligation was created by Brookfield Asset Management Ltd.?

The filing states the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specifics are not detailed here.

When was this 8-K filing submitted to the SEC?

This 8-K filing was submitted on April 24, 2025.

What is Brookfield Asset Management Ltd.'s principal executive office address?

Brookfield Asset Management Ltd.'s principal executive offices are located at Brookfield Place, 250 Vesey Street, 15th Floor, New York, NY 10281-0221.

What is the company's primary business activity according to its SIC code?

Brookfield Asset Management Ltd.'s Standard Industrial Classification (SIC) code is 6282, which corresponds to Investment Advice.

From the Filing

0001193125-25-092426.txt : 20250424 0001193125-25-092426.hdr.sgml : 20250424 20250424090218 ACCESSION NUMBER: 0001193125-25-092426 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 19 CONFORMED PERIOD OF REPORT: 20250422 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250424 DATE AS OF CHANGE: 20250424 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Brookfield Asset Management Ltd. CENTRAL INDEX KEY: 0001937926 STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282] ORGANIZATION NAME: 02 Finance EIN: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41563 FILM NUMBER: 25863870 BUSINESS ADDRESS: STREET 1: BROOKFIELD PLACE STREET 2: 250 VESEY STREET, 15TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10281-0221 BUSINESS PHONE: 416-363-9491 MAIL ADDRESS: STREET 1: BROOKFIELD PLACE STREET 2: 250 VESEY STREET, 15TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10281-0221 8-K 1 d935835d8k.htm 8-K 8-K 250 Vesey Street, 15 Floor 0001937926 false 0001937926 2025-04-22 2025-04-22     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 22, 2025     Brookfield Asset Management Ltd. (Exact name of registrant as specified in its charter)       British Columbia, Canada   001-41563   98-1702516 (State or Other Jurisdiction of Incorporation)   (Commission File No.)   (IRS Employee Identification No.) Brookfield Place 250 Vesey Street, 15 th Floor New York , NY 10281-0221 (Address of Principal Executive Offices) ( 212 ) 417-7000 (Registrant’s telephone number, including area code)   (Former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of Each Class   Trading Symbol(s)   Name of Each Exchange on Which Registered Class A Limited Voting Shares   BAM   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 1.01. Entry into a Material Definitive Agreement. On April 24, 2025, Brookfield Asset Management Ltd. (“BAM”) completed its inaugural offering of US$750,000,000 aggregate principal amount of 5.795% notes due 2035 (the “Notes”). In connection with the offering, on April 22, 2025, BAM entered into an Underwriting Agreement (the “Underwriting Agreement”) with Citigroup Glob

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