Brookfield’s $885 Million Loan Is Delayed Until Market Calms

An $885 million leveraged loan intended to refinance existing debt of Brookfield Properties Retail has been postponed until the market stabilizes more and investors can find common ground with the borrower on pricing, according to people with knowledge of the matter.

Wells Fargo & Co., the bank leading the deal, had already sweetened pricing and extended the commitment deadline to Tuesday, Bloomberg News previously reported. However, the bank was still not able to attract enough demand, said the people, who were not authorized to speak publicly.

A representative for Wells Fargo declined to comment, while one for Brookfield Properties ...