JPMorgan Looks to Amend $7 Billion Sealed Air Deal Amid Pushback

Banks led by JPMorgan are considering tweaks to a $7.2 billion debt offering to fund the buyout of Sealed Air Corp to break a stalemate with investors who have balked at some deal provisions. The proposed changes signal potential concessions on terms or pricing that could affect the timing and cost of closing the acquisition. If unresolved, the financing impasse could delay or jeopardize the deal; if accepted, the adjustments would allow the issuance to proceed.

Analysis

Banks led by JPMorgan are considering tweaks to a $7.2 billion debt offering to fund the buyout of Sealed Air Corp to break a stalemate with investors who have balked at some deal provisions. The proposed changes signal potential concessions on terms or pricing that could affect the timing and cost of closing the acquisition. If unresolved, the financing impasse could delay or jeopardize the deal; if accepted, the adjustments would allow the issuance to proceed.