Banks Prepare $7.15 Billion Debt Package to Fund Sealed Air Buyout; Deal Could Hit Market Next Week
Lenders are assembling about $7.15 billion of debt to back private equity firm Clayton Dubilier & Rice's planned acquisition of packaging maker Sealed Air Corp. JPMorgan Chase & Co. is reported to be among banks sounding out investor demand for both leveraged loans and junk bonds, with a potential market launch as soon as next week. Discussions rem…