Brookfield Seeks Around $800 Million Loan for World Freight LBO

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.

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.