Brookfield Could Get $600M Dividend From HomeServe Debt Deal
HomeServe is exploring a potential $1.8 billion asset-backed financing that would return $600 million to Brookfield Asset Management. The plan, arranged with lenders and Jefferies Financial Group, would issue about $1.8 billion of bonds backed by HomeServe assets to refinance existing borrowings and fund a dividend. Discussions are ongoing, with completion expected this month.