Brookfield Infrastructure to launch $1 billion term loan B on Friday

By Sara Rosenberg

New York, Sept. 5 – Brookfield Infrastructure is scheduled to hold a bank meeting at noon ET in New York on Friday to launch a $1 billion term loan B, according to a market source.

Citigroup Global Markets Inc. is the lead bank on the deal.

Proceeds will be used to help fund the acquisition of Enbridge Inc.’s Western Canadian midstream business for a cash purchase price of C$4.31 billion, subject to customary closing adjustments and receipt of regulatory approvals.

Brookfield Infrastructure is an owner and operator of infrastructure networks which facilitate the movement and storage of energy, water, freight, passengers and data.

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