Brookfield Nears $935 Million Loan for World Freight Purchase

Brookfield Asset Management Ltd. is close to securing a $935 million loan to back its purchase of air cargo specialist World Freight Co., according to people familiar with the matter, the latest in a recent spate of acquisition financings in Asia.

The investment firm signed the loan documents last week, the people said, asking not to be identified discussing private matters. The loan will be effective once Brookfield’s purchase of World Freight from its previous owners, EQT AB and PAI Partners, is completed, the people said.