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(Bloomberg) — Brookfield Asset Management Ltd. is seeking a loan of around $800 million to back its proposed purchase of air cargo specialist World Freight Co., according to people familiar with the matter, adding to a recent wave of acquisition financings in Asia.
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The investment firm is in talks with lenders for the loan, which could carry a five-year tenor, the people said, asking not to be identified discussing private matters. The facility may be covenant‑lite, the people said, giving the borrower greater flexibility through fewer ongoing performance requirements.
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Discussions are ongoing and terms could still change, the people added. A spokesperson for Brookfield declined to comment.
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The financing underscores a flurry of acquisition funding activity in the region, particularly in Australia, although the Middle East conflict has the potential to knock sentiment. Singapore’s Sembcorp Industries Ltd. is seeking a loan of around A$3 billion ($2.1 billion) to back its purchase of power generator and retailer Alinta Energy Pty., while a Macquarie Asset Management-led group is seeking a A$4.95 billion facility to finance its purchase of Qube Holdings Ltd.
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Acquisition and leveraged buyout financings in Asia Pacific excluding Japan rose 17% year‑on‑year to $48 billion in 2025, according to Bloomberg‑compiled data.
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Brookfield is in talks to acquire WTC from EQT AB and PAI Partners. While negotiations for the deal are ongoing, the owners are seeking a valuation of about $1.2 billion to $1.3 billion..
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Formed in 2004, WTC invests in general sales and services agencies specializing in air cargo. Its more than 300 portfolio companies operate across 80 countries and manage over 3 million tons of cargo capacity annually for airline partners, according to its website.
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