Brookfield, Qube raising $753 mln loan for Asciano’s ports: Reuters

Australia’s Qube Holdings Ltd and Canada’s Brookfield Asset Management are raising a US$753 million loan to help pay for the ports business of Asciano Ltd, in a carve-up of Australia’s largest ports and rail operator, sources told Reuters. Five banks – Australia & New Zealand Banking Group, Commonwealth Bank of Australia, Citigroup, National Australia Bank and Sumitomo Mitsui Banking Corp – are providing financing on a club basis, the sources said. Qube and Brookfield unveiled a US$6.8 billion plan earlier this month to split up the ports and rail giant into two units.

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