Brookfield Asset Management has renegotiated a $6.4 billion credit facility for its retail-heavy real estate investment trust, Brookfield Property REIT. The deal imposes restrictions on dividends and requires other Brookfield Asset Management–owned entities to lend at least $250 million to the REIT, the Financial Times reported. In exchange, a group of creditors led by Wells Fargo waived a contractual clause that allowed them to demand immediate repayment of loans if Brookfield Property REIT failed to
source https://therealdeal.com/2020/07/30/brookfield-creditors-reach-deal-on-reits-6-4b-credit-facility/
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