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Brookfield eyes $525m loan for La Trobe dividend payout

privateequitywire

1 month ago

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Brookfield Corp is seeking a AUD750m ($525m) loan for its Australian non-bank lender La Trobe Financial, aimed at funding a shareholder distribution while also refinancing existing debt, according to a report by Bloomberg citing unnamed people familiar with the matter.
The proposed financing is structured as a five-year AUD700m term loan alongside a AUD50m revolving credit facility. Morgan Stanley and UBS are understood to be arranging the deal, which is being marketed as a covenant-lite term lo...

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