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.

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