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

United Kingdom News News

Brookfield taps three investment banks for $550m La Trobe deal
United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

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.

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

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FinancialReview /  🏆 2. in UK
 

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines



Render Time: 2025-01-16 03:31:18