--- title: "JPMorgan Looks to Amend $7 Billion Sealed Air Deal Amid Pushback" type: "News" locale: "en" url: "https://longbridge.com/en/news/281233058.md" description: "JPMorgan Chase & Co. is considering amending the terms of its $7.2 billion debt offering for the Sealed Air Corp. buyout due to investor pushback. The lender group aims to enhance protections for investors, particularly regarding potential asset spinoffs. The offering has struggled to attract demand, with only $3 billion in orders for a $4.1 billion loan. Meanwhile, a $1.85 billion junk-bond sale has seen better interest, drawing $3.9 billion in orders. The current market conditions, influenced by geopolitical and economic concerns, have made it challenging for banks to offload leveraged buyout debt." datetime: "2026-03-31T19:30:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281233058.md) - [en](https://longbridge.com/en/news/281233058.md) - [zh-HK](https://longbridge.com/zh-HK/news/281233058.md) --- # JPMorgan Looks to Amend $7 Billion Sealed Air Deal Amid Pushback Banks led by JPMorgan Chase & Co. are looking at tweaking the terms of their $7.2 billion debt offering to fund the buyout of Sealed Air Corp., in a bid to break a stalemate with investors who have balked at some of the deal’s provisions. The lender group has signaled to investors that changes would be made to offer them greater protections, according to people familiar with the matter. Among the provisions in focus are those governing a potential breakup of the Bubble Wrap maker following its pending takeover by Clayton, Dubilier & Rice, said the people, who asked not to be named because the information isn’t public. Still, no final decisions have been made on changes to the terms, the people cautioned. The leveraged buyout offering, one of this year’s largest, has struggled to attract sufficient demand, with investors that a potential spinoff of Sealed Air’s food or protective packaging units would leave them with a weaker pool of assets backing their debt. The largest part of the deal, a US dollar loan, had drawn about $3 billion of orders just a couple of hours before a deadline for investor commitments, short of the $4.1 billion offering size, they added. That’s even after the banks on Monday the loan pricing, boosting interest rates by as much as 0.5 percentage point and offering a bigger discount at 97.5 cents on the dollar. The deal’s junk-bond sale is faring better. The roughly $1.85 billion of secured and unsecured US dollar being offered have attracted roughly $3.9 billion of orders. Representatives for JPMorgan and Sealed Air didn’t immediately respond to a comment request. A representative for CD&R didn’t have an immediate comment. Wall Street banks have faced a tougher environment to offload LBO debt as concerns about the economic effects of the Iran war and artificial intelligence disruptions weigh on investors’ appetite for risk. While lenders including JPMorgan still managed to sell about $15 billion of securities backing the record Electronic Arts Inc. buyout, it required shifting the multiple times and seizing upon brief windows of market calm. An added overhang for CD&R is the bankruptcy filing two months ago from its portfolio company Multi-Color Corp. Some creditors have claimed a proposed restructuring deal for the label maker favors certain lenders. ### Related Stocks - [SEE.US](https://longbridge.com/en/quote/SEE.US.md) - [XLF.US](https://longbridge.com/en/quote/XLF.US.md) - [FNCL.US](https://longbridge.com/en/quote/FNCL.US.md) - [JPM.US](https://longbridge.com/en/quote/JPM.US.md) - [JPX.US](https://longbridge.com/en/quote/JPX.US.md) - [VFH.US](https://longbridge.com/en/quote/VFH.US.md) ## Related News & Research - [COFG Advisors LLC Takes Position in JPMorgan Chase & Co. $JPM](https://longbridge.com/en/news/289288412.md) - [FY2026 Earnings Forecast for JPM Issued By Erste Group Bank](https://longbridge.com/en/news/289589762.md) - [JPMorgan Chase (JPM) to Deploy AI Agents Across Its Banking Operations](https://longbridge.com/en/news/289214151.md) - [McKesson Secures $2.25 Billion Senior Secured Term B Loan Due 2032 Led by JPMorgan](https://longbridge.com/en/news/289596355.md) - [REG - Bytes Technology Grp JPMorgan Chase & Co - Holding(s) in Company](https://longbridge.com/en/news/289440860.md)