Apr 15, 2008. /Lesprom.com/. Brookfield Asset Management Inc. announced that it has secured $1 billion of long-term financing for Longview Timberlands, LLC from a lending syndicate. This issuance consists of three equal fixed rate tranches with an average term of 7.3 years and an average coupon of 5.17%, and a five-year $75 million floating rate note priced at LIBOR plus 160 basis points. Longview is one of the largest and highest quality portfolios of freehold timberlands in the U.S., with 588 thousand acres of prime, freehold timberlands in Washington and Oregon. Longview represents a key component of Brookfield's strategy of investing in high quality assets that generate long-term sustainable cash flows that increase in value over time. “This financing signifies the successful completion of a key milestone in ensuring Longview has a strong underlying capital structure supported by excellent partners,” said Sam Pollock, Managing Partner of Brookfield. "We believe this transaction recognizes the value of Longview’s high quality timberlands.” Brookfield Asset Management Inc. is focused on property, power and infrastructure assets and has approximately $95 billion of assets under management.