The Company's borrowing cost requirements for the 12-month periods ended December 31, 2023 and September 30, 2024 amounted to US$3,672 million and US$3,276 million, respectively, after giving effect to (i) the issuance of the notes, without giving effect to the application of the net proceeds thereof, (ii) repayment at maturity of US$500 million principal amount of 4.000% senior unsecured notes of the Company due January 15, 2025 (the "2025 notes"), (iii) the issuance by BFI of US$700 million principal amount of 6.300% fixed-to-fixed reset rate subordinated notes due January 15, 2055 (the "2055 hybrid notes"), (iv) the issuance by BFI of US$450 million principal amount of 5.675% notes due January 15, 2035 (the "2035 notes"), (v) the re-opening issuance by BFI of US$200 million principal amount of 5.968% notes due March 4, 2054 (the "additional 2054 notes"), (vi) repayment at maturity of the outstanding US$200 million principal amount of 4.000% senior unsecured notes of BFI and Brookfield Finance LLC due April 2024.