The Financial Post reports in its Friday edition that Brookfield Asset Management is close to securing a $935-million (U.S.) loan to back its purchase of air cargo specialist World Freight Co., the latest in a recent spate of acquisition financings in Asia. A Bloomberg dispatch to the Post says Brookfield signed the loan documents last week, according to sources. The loan will be effective once Brookfield's purchase of World Freight from its previous owners, EQT AB and PAI Partners SAS, is completed. The lending facility carries a five-year tenor and is reportedly covenant-light, giving the borrower greater flexibility through fewer ongoing performance requirements. Mitsubishi UFJ Financial Group Inc., Barclays PLC and HSBC Holdings PLC are arranging and underwriting the loan.