Market Chatter: Brookfield Asset Management Nears $935 Million Loan for World Freight Deal

MT Newswires Live05-14 17:39

Brookfield Asset Management (BAM) is nearing a $935 million loan to help fund its acquisition of World Freight from EQT and PAI Partners, Bloomberg News reported Thursday, citing sources familiar with the matter.

Brookfield signed the loan documents last week, with HSBC (HSBC), Barclays (BCS), and MUFG (MUFG) as arrangers and underwriters, the unnamed sources told the news outlet.

The loan will be effective once the acquisition of the air cargo specialist is completed, according to the report.

Brookfield and the banks didn't immediately respond to MT Newswires' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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