Brookfield Increased Compass Loan Ahead of $5.5 Billion Deal (1)

A unit of Brookfield Asset Management Ltd. raised the size of a credit facility to Compass Datacenters LLC shortly before Brookfield and other investors struck a deal to buy control of the Dallas-based company.

Brookfield-managed infrastructure debt funds approved a $400 million increase to the facility in early June, taking it to $1.1 billion, according to people familiar with the matter. Then, on June 20, Brookfield Infrastructure Partners LP announced it had joined forces with Ontario Teachers’ Pension Plan to acquire the company, which operates data centers in the US, Italy and Canada.

The deal is expected to close by ...