Banks led by JPMorgan Chase & Co. have sweetened the pricing for a $7.2 billion debt deal to fund Clayton, Dubilier & Rice’s takeover of Bubble Wrap maker Sealed Air Corp. amid investor pushback.
Pricing discussions on a $4.1 billion US dollar term loan have been increased by as much as 0.5 percentage point to 4 percentage points over the benchmark, according to a person with direct knowledge of the matter. A $600 million-equivalent loan in euros has widened similarly, to 4.25 percentage points over the benchmark, the person added, asking not to be named because discussions are private. ...
