Market Chatter: JPMorgan, Lenders Boost Yields on Sealed Air Buyout Financing

MT Newswires Live03-31 02:36

JPMorgan Chase (JPM) and other banks raised the pricing for a $7.2 billion debt deal to fund Clayton, Dubilier & Rice's buyout of Sealed Air (SEE), Bloomberg Law reported Monday, citing a person familiar with the matter.

Pricing on a $4.1 billion dollar term loan increased by 0.5 percentage point to 4 percentage points above the benchmark, while a $600 million-equivalent loan in euros widened to 4.25 percentage points over the benchmark, the report said.

JPMorgan and Sealed Air did not immediately respond to requests for comment from MT Newswires.

(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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