Banks have launched the sale of an almost $4.7bn leveraged loan to help finance Clayton, Dubilier & Rice (CD&R)’s acquisition of Sealed Air, according to a report by Bloomberg.
JPMorgan is reportedly leading the placement of $4.1bn in US dollar-denominated loans, while BNP Paribas is arranging a $600m euro-denominated loan. The financing is being supported by a broader syndicate of around 20 banks.
The loans form part of a wider $7.15bn debt package backing the transaction, which also in...
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