Brookfield Asset Management is set to secure approximately $1.2 billion in debt to finance the acquisition of American Tower Corp’s assets in India, insiders familiar with the matter have revealed. The deal is expected to close within this year. The investment firm is currently in discussions with global lenders in India regarding various fundraising options. These options include an offshore loan and the sale of non-convertible debentures, with commitments from overseas investors. Brookfield’s move demonstrates its confidence in India’s thriving economy, which is surpassing that of other major nations, coupled with the rapid growth of smartphone usage in the country.
Brookfield Asset Management, a leading global alternative asset manager, is reportedly planning to raise $1.2 billion in debt to acquire assets in India. The move comes as Brookfield seeks to expand its presence in the Indian market, which is experiencing significant growth opportunities across various sectors. The funds raised through this debt offering will be used to invest in real estate, infrastructure, and other sectors in India. This strategic move reflects Brookfield’s confidence in the Indian economy and its commitment to capitalize on the country’s emerging opportunities.
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Brookfield plans $1.2B debt for India asset acquisition.
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