A US$7bn crossover loan package backing the US$15.3bn cash and stock acquisition of ggp, the second-largest mall owner in the US, by global commercial real estate giant Brookfield Property Partners, includes the biggest Term Loan A financing of the year so far. The US$3.5bn dual-tranche pro rata TLA is part of a complex deal that will see Brookfield buying the remaining 66% of Real Estate Investment Trust GGP that it does not already own.
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