Bank of Montreal and Royal Bank of Canada Provide Acquisition Financing for Brookfield Asset Management Reinsurance Partners in its $5.1 Billion Acquisition of American National Group

New York – Paul Hastings LLP, a leading global law firm, announced today that the firm represented Bank of Montreal and Royal Bank of Canada on the acquisition financing in connection with the proposed acquisition of American National Group, Inc. by Brookfield Asset Management Reinsurance Partners Ltd. (“Brookfield Reinsurance”).

The acquisition will be funded by Brookfield Reinsurance through a combination of committed debt and equity financing, including committed debt financing of $1.5 billion and an equity commitment from Brookfield Asset Management Inc.

The transaction is expected to close in the first half of 2022, subject to certain customary closing conditions, including antitrust clearance and receipt of insurance regulatory approvals.

Leveraged Finance partner John Cobb led the Paul Hastings team, which included of counsel Kris Villarreal, and associates Tess Peterson and Michael Dansey.

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