JPMorgan looks to amend $7 billion Sealed Air deal amid pushback - Bloomberg
JPMorgan looks to amend $7 billion Sealed Air deal amid pushback - Bloomberg
- Banks led by JPMorgan Chase are considering changing the terms of their $7.2 billion debt offering to fund the buyout of Sealed Air, in hopes of breaking a stalemate with investors who are against some of the deal’s provisions.
- The lender group has signaled to investors that changes would be made to offer them greater protections.
- Among the provisions in focus are reportedly those governing a potential breakup of the Bubble Wrap maker following its pending takeover by Clayton, Dubilier & Rice.
- So far, no final decision on changes has been made.