{"id":7196,"date":"2009-10-07T12:24:00","date_gmt":"2009-10-07T11:24:00","guid":{"rendered":"https:\/\/portstrategy.nfdtesting.uk\/greenport\/2009\/10\/07\/bbi-poised-to-offload-pd-ports-for-1\/"},"modified":"2026-08-27T14:31:10","modified_gmt":"2026-08-27T13:31:10","slug":"bbi-poised-to-offload-pd-ports-for-1","status":"publish","type":"post","link":"https:\/\/www.portstrategy.com\/greenport\/news\/oceania\/bbi-poised-to-offload-pd-ports-for-1\/","title":{"rendered":"BBI poised to offload PD Ports for $1"},"content":{"rendered":"<p>The deal is one part of a complex A$1.1bn (US$1bn) recapitalisation package.<\/p>\n<p>If approved by shareholders, Brookfield will pay US$295m for the 49.9% &#8220;economic interest&#8221; in the Dalrymple Bay Coal Terminal, the world&#8217;s third-largest coal export facility.<\/p>\n<p>Also, Brookfield will acquire the UK ports group PD Ports for a &#8220;nominal sum&#8221; while assuming \u00a3100m of its debt. The deal must be done before debt repayments fall due early next year.<\/p>\n<p>BBI and its lenders came to an extension agreement for the borrowing on July 31, but that grace period is nearly up and a refinancing or repayment scheme must be in place by the end of October.<\/p>\n<p>BBI has a A$9.1bn debt burden weighing heavy around its neck and has been looking to offload assets to balance the sheets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recapitalisation of Australian port investor Babcock&amp; Brown Infrastructure has taken a massive step forward, with Canadianinfrastructure investor Brookfield Asset Management taking a 49.9% stake in theDalrymple Bay Coal Terminal.<\/p>\n","protected":false},"author":8,"featured_media":7197,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55],"tags":[],"sponsor":[],"class_list":["post-7196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oceania"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/7196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=7196"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/7196\/revisions"}],"predecessor-version":[{"id":7198,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/7196\/revisions\/7198"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/7197"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=7196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=7196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=7196"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=7196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}