Brookfield Asset Management Ltd. (NYSE: BAM) priced a $1 billion debt offering consisting of $550 million in senior notes due 2031 and a $450 million reopening of existing 2036 notes, according to a company statement.

The 2031 notes will bear interest at 4.832% per annum. The new 2036 notes will carry a 5.298% interest rate and will be issued at 98.962% of their principal value, resulting in an effective yield of 5.434% if held to maturity.

The new 2036 notes will be added to an existing series that includes $400 million in 5.298% notes due 2036 issued on November 18, 2025. After the reopening, the total principal amount of the 2036 series will reach $850 million.

BAM plans to use the net proceeds from the note sales for general corporate purposes. The offering is scheduled to close on April 17, 2026, subject to customary closing conditions.

The New York-headquartered alternative asset manager oversees more than $1 trillion in assets under management. The notes are being offered through prospectus supplements to BAM's existing base shelf prospectus filed in the United States and Canada.