JPMorgan Seeks to Soften Terms on Sealed Air LBO Debt After Investor Pushback
Banks led by JPMorgan are exploring adjustments to the $7.2 billion debt package backing the Clayton, Dubilier & Rice buyout of Sealed Air, signaling potential changes to protections for lenders after investor resistance over provisions tied to potential spin-offs of the company’s units. The largest tranche—a U.S. dollar loan—had drawn roughly $3 b…