Brookfield taps three investment banks for $550m La Trobe deal

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 90%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Brookfield has begun passing the hat for the debt slice in its $1.6 billion acquisition of Melbourne non-bank lender La Trobe Financial from Blackstone.

Private debt types haven’t had many new leveraged buyout deals to dig into this year, but Brookfield put a sizeable deal in front of them this week.

While it’s early days, sources said Brookfield and the banks were calling for final commitments around July 15. They have lenders running diligence, while pricing talks play out in the background. Bankers, rival buyout firms and credit investors are keen to see where the deal prices. Big Australian dollar TLBs are thin on the ground, and recent market volatility has made them even thinner.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 2. in BE

Belgique Dernières Nouvelles, Belgique Actualités