July 7 (Reuters) - Australian investment firm Washington

H. Soul Pattinson ( WSOUF ) and building materials group

Brickworks said on Monday they have jointly secured

full funding for their proposed merger to create a $9.15 billion

ASX-listed entity called Topco.

The companies have secured an additional A$220 million

($143.81 million) in funding, priced at no discount to Soul

Pattinson's last closing price of A$42.61. The proceeds will be

used to reduce Brickworks' debt and address other outstanding

liabilities.

Topco is expected to debut with a market value of roughly

A$14 billion ($9.15 billion), backed by A$13.1 billion in

diversified assets including property, private equity and credit

holdings.

The merger, first proposed in June, will see Brickworks'

shareholders receive 0.82 shares in Topco at an implied value of

A$30.28 apiece, valuing the building products maker at A$4.62

billion.

"With the equity now in place, we are set to deliver on the

strategic benefits of the merger, backed by a simplified balance

sheet and clear growth agenda," Brickworks CEO Mark Ellenor

said.

Combined with the capital raise announced in June and July,

Topco has secured commitments for 34 million shares, generating

about A$1.4 billion in proceeds. The merger is now fully funded,

with no further share issuances required, the companies said in

a joint statement on Monday.

The deal streamlines the two companies' complex

cross-ownership of each other that has been in place for nearly

60 years and has long been criticised by corporate governance

experts in Australia.

Brickworks' outstanding debt stood at A$721 million, as of

half-year period ended January 31, according to the company's

report.

Shares in Soul Pattinson were up 0.6%, as of 0108 GMT, while

those in Brickworks largely traded flat. The broader benchmark

fell marginally by 0.1%.

($1 = 1.5272 Australian dollars)