Market Chatter: JPMorgan Chase Leads $4.1 Billion Debt Offering to Finance Sealed Air Takeover

MT Newswires Live03-20 19:48

JPMorgan Chase (JPM) is leading the offering of $4.1 billion in dollar-denominated loans to help finance Clayton Dubilier & Rice's acquisition of packaging firm Sealed Air (SEE), Bloomberg reported Friday, citing people familiar with the matter.

France's BNP Paribas is managing the placement of $600 million in euro-denominated debt, the report said.

Bloomberg said 20 other banks are participating in the financing.

Initial pricing discussions for the dollar and euro loans are 3.5 to 3.75, and 3.75 to 4 percentage points above the benchmarks, respectively, the report said.

JPMorgan did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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