Banks have kicked off the sale of a nearly $4.7 billion leveraged loan to help fund
JPMorgan Chase & Co. is leading the offering of $4.1 billion of dollar-denominated loans, while BNP Paribas SA is managing the placement of a $600 million euro-denominated loan, according to people with knowledge of the matter. They are joined by 20 other banks on the financing.
The acquisition package will test the leveraged finance market at a time when fears of business disruption from artificial intelligence and the expanding conflict in the ...