JPMorgan in Talks to Lead $500 Million Bond Sale for Dealer Tire

Tire distributor Dealer Tire LLC is in discussions with JPMorgan Chase & Co. over a junk-bond sale to refinance some of its existing debt, according to people with knowledge of the matter.

The Bain Capital-backed company is expected to raise at least $500 million from investors, said the people, asking not to be identified as the talks are private. If successful, the new money will replace existing bonds maturing in 2028, they added.

A representative for JPMorgan declined to comment. Representatives for Dealer Tire and Bain Capital didn’t immediately respond to requests for comment.

Dealer Tire’s existing bonds were trading ...