Brascan Issues Senior Notes

Brascan Corporation issued US$300 million principal aggregate amount of senior notes in Canada and the U.S. on December 12, 2001. The public offering was made under the first prospectus supplement to a base shelf prospectus that had been filed in all Canadian provinces and in the U.S. at the end of November 2001. The offering was a fully marketed southbound MJDS deal and was underwritten by a syndicate of underwriters led by Credit Suisse First Boston Corporation.
Torys LLP acted as both Canadian and U.S. counsel to the issuer, with a team that included Andy Beck and Carol Divine, with assistance from Lee Hirsch and Peter Keenan in New York and Candy Saga, Phil Brown, Jim Welkoff, Suh Kim and Rena Shadowitz in Toronto.

Skadden, Arps, Slate, Meagher & Flom LLP acted as U.S. counsel to the underwriters, with a team that included Chris Morgan, Jonathan James, Michael Smith and Robert Normandeau. Gary Girvan, Andrew Parker and David Armstrong (business) of McCarthy Tétrault LLP provided advice on the Canadian aspects of the deal.