Banks led by JPMorgan Chase & Co. have sweetened the pricing for a $7.2 billion debt deal to fund Clayton, Dubilier & Rice’s takeover of Bubble Wrap maker Sealed Air Corp. amid investor pushback.
Banks led by JPMorgan Chase & Co. have sweetened the pricing for a $7.2 billion debt deal to fund Clayton, Dubilier & Rice’s takeover of Bubble Wrap maker Sealed Air Corp. amid investor pushback.
Signage stands outside JP Morgan Chase & Co. headquarters in New York.
Banks led by JPMorgan Chase & Co. boosted a junk loan to support the purchase of Janus Henderson Group Plc by Nelson Peltz’s Trian Fund Management and General Catalyst to $2.6 billion after scrapping a planned bond sale amid volatile markets.
Banks led by JPMorgan Chase & Co. boosted a junk loan to support the purchase of Janus Henderson Group Plc by Nelson Peltz’s Trian Fund Management and General Catalyst to $2.6 billion after scrapping a planned bond sale amid volatile markets.
The website of asset management company Janus Henderson Group Plc arranged in front of the company’s logo. Photographer: Timon Schneider/SOPA Images/AP
Wall Street banks started the week with nearly $30 billion of buyout junk debt to offload amid the most volatile markets in months. They are now done with the bulk of it.
Wall Street banks started the week with nearly $30 billion of buyout junk debt to offload amid the most volatile markets in months. They are now done with the bulk of it.
The Tegna Inc. headquarters stands in McLean, Virginia, U.S., on Friday, July 24, 2015. Formerly Gannett Co. Inc. before a June 29 spinoff, Tegna Inc.'s broadcasting and digital business includes 46 television stations and websites including Cars.com and CareerBuilder.com.
A JPMorgan Chase & Co.-led bank group made further changes to the nearly $15 billion junk-debt sale for the record leveraged buyout of video game maker Electronic Arts Inc., showing the day-to-day challenge in selling risky debt amid a market-moving Middle East war.
A JPMorgan Chase & Co.-led bank group made further changes to the nearly $15 billion junk-debt sale for the record leveraged buyout of video game maker Electronic Arts Inc., showing the day-to-day challenge in selling risky debt amid a market-moving Middle East war.
Wall Street banks led by JPMorgan Chase & Co. have amended the debt package for the buyout of video game maker Electronic Arts Inc., increasing the size of a US dollar loan offering to $5 billion.
Wall Street banks led by JPMorgan Chase & Co. have amended the debt package for the buyout of video game maker Electronic Arts Inc., increasing the size of a US dollar loan offering to $5 billion.
The Electronic Arts headquarters in Redwood City, California. Photographer: David Paul Morris/Bloomberg
Electronic Arts Inc. has attracted about $25 billion of demand from investors for a nearly $15 billion debt offering to fund a buyout of the company, a sign of increased interest from buyers as banks navigate volatile markets to offload debt tied to acquisitions.
Electronic Arts Inc. has attracted about $25 billion of demand from investors for a nearly $15 billion debt offering to fund a buyout of the company, a sign of increased interest from buyers as banks navigate volatile markets to offload debt tied to acquisitions.
Signage at Electronic Arts Inc. (EA) offices in Austin, Texas, US, on Monday, Sept. 29, 2025. Electronic Arts Inc. agreed to sell itself to Saudi Arabia's sovereign wealth fund and a pair of private equity firms in a deal that values the company at about $55 billion, marking the largest leveraged buyout on record. Photographer: Kaylee Greenlee/Bloomberg
Nexstar Media Group Inc. has amended the financing tied to its acquisition of fellow TV-station owner Tegna Inc. as demand for risky debt comes under strain amid a flood of loan and bond sales tied to buyouts.
Nexstar Media Group Inc. has amended the financing tied to its acquisition of fellow TV-station owner Tegna Inc. as demand for risky debt comes under strain amid a flood of loan and bond sales tied to buyouts.
A group of banks led by JPMorgan Chase & Co. halted a $5.3 billion debt deal for software firm Qualtrics International Inc. after failing to win over investors amid deepening anxiety surrounding artificial intelligence disruption.
A group of banks led by JPMorgan Chase & Co. halted a $5.3 billion debt deal for software firm Qualtrics International Inc. after failing to win over investors amid deepening anxiety surrounding artificial intelligence disruption.
The JPMorgan Chase & Co. global headquarters building in New York, US, on Tuesday, Jan. 20, 2026. President Donald Trump railed against JPMorgan Chase & Co. and its leader Jamie Dimon, threatening to sue the banking giant over his claim that he was debanked after the Jan. 6, 2021, Capitol riot. Photographer: Michael Nagle/Bloomberg
As JPMorgan Chase & Co. kicked off investor discussions this week over the $20 billion financing for Electronic Arts Inc., nervousness around a protracted war in the Middle East cast a shadow over the largest ever debt sale for a leveraged buyout.
As JPMorgan Chase & Co. kicked off investor discussions this week over the $20 billion financing for Electronic Arts Inc., nervousness around a protracted war in the Middle East cast a shadow over the largest ever debt sale for a leveraged buyout.
JPMorgan Chase & Co Photographer: Scott Eells/Bloomberg
JPMorgan Chase & Co. is shifting more of the debt financing for the record leveraged buyout of Electronic Arts Inc. toward junk bonds, according to people with knowledge of the matter.
JPMorgan Chase & Co. is shifting more of the debt financing for the record leveraged buyout of Electronic Arts Inc. toward junk bonds, according to people with knowledge of the matter.
Signage at Electronic Arts Inc. (EA) offices in Austin, Texas, US, on Monday, Sept. 29, 2025. Electronic Arts Inc. agreed to sell itself to Saudi Arabia's sovereign wealth fund and a pair of private equity firms in a deal that values the company at about $55 billion, marking the largest leveraged buyout on record. Photographer: Kaylee Greenlee/Bloomberg
Applied Digital Corp. raised $2.15 billion in a junk-bond sale to fund additional computing capacity for Oracle Corp., showing demand for AI-related debt remains firm despite mounting uncertainty.
Applied Digital Corp. raised $2.15 billion in a junk-bond sale to fund additional computing capacity for Oracle Corp., showing demand for AI-related debt remains firm despite mounting uncertainty.
The roughly $17.5 billion of debt tied to Elon Musk’s social network X and artificial intelligence startup xAI is set to be paid back in full, according to people with knowledge of the matter.
The roughly $17.5 billion of debt tied to Elon Musk’s social network X and artificial intelligence startup xAI is set to be paid back in full, according to people with knowledge of the matter.
Electronic Arts Inc. hasn’t yet gained enough support from bondholders to buy back bonds at a steep discount to face value and to change some lending terms, after a key deadline for that agreement passed this week, according to firms that plan to acquire the company.
Electronic Arts Inc. hasn’t yet gained enough support from bondholders to buy back bonds at a steep discount to face value and to change some lending terms, after a key deadline for that agreement passed this week, according to firms that plan to acquire the company.
Electronic Arts Inc. (EA) signage is displayed as attendees wait in line for the company's event ahead of the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Saturday, June 8, 2019. EA, creator of a Star Wars line of video games, showed off two of its newest titles, illustrating how the industry is wrestling to compete with the runaway success of Fortnite. Photographer: Patrick T. Fallon/Bloomberg
Wesco International Inc.’s new junk debt inched higher after drawing nearly $6 billion of orders at launch, underscoring investors’ appetite for companies riding the artificial-intelligence boom
Wesco International Inc.’s new junk debt inched higher after drawing nearly $6 billion of orders at launch, underscoring investors’ appetite for companies riding the artificial-intelligence boom
TZ electronic locks secure cabinets housing servers inside a data hall at a NextDC Ltd. data center in Sydney, Australia, on Monday, Dec. 8, 2025. OpenAI partnered with Australian data center operator NextDC to build a A$7 billion ($4.6 billion) large-scale computing cluster in Sydney, accelerating its expansion in the Asia-Pacific region. Photographer: Brent Lewin/Bloomberg
Some of Electronic Arts Inc. bondholders are banding together to fight a debt buyback plan by the video-game maker, even as S&P Global Ratings cast doubt that the maneuver would ultimately save money for the group taking the company private.
Some of Electronic Arts Inc. bondholders are banding together to fight a debt buyback plan by the video-game maker, even as S&P Global Ratings cast doubt that the maneuver would ultimately save money for the group taking the company private.
Electronic Arts Inc. (EA) signage in Los Angeles. Photographer: Patrick T. Fallon/Bloomberg
Some of Electronic Arts Inc. bondholders are banding together to fight a debt buyback plan by the video-game maker, even as S&P Global Ratings cast doubt that the maneuver would ultimately save money for the group taking the company private.
Some of Electronic Arts Inc. bondholders are banding together to fight a debt buyback plan by the video-game maker, even as S&P Global Ratings cast doubt that the maneuver would ultimately save money for the group taking the company private.
Electronic Arts Inc. (EA) signage in Los Angeles. Photographer: Patrick T. Fallon/Bloomberg
Goldman Sachs Group Inc. is considering sweetening the terms on $1.73 billion of leveraged loans tied to chemical maker Arclin Inc.’s acquisition of DuPont de Nemours Inc.’s Aramids business.
Goldman Sachs Group Inc. is considering sweetening the terms on $1.73 billion of leveraged loans tied to chemical maker Arclin Inc.’s acquisition of DuPont de Nemours Inc.’s Aramids business.
The Goldman Sachs headquarters in New York, US, on Friday, July 11, 2025. Goldman Sachs Group Inc. is scheduled to release earnings figures on July 16. Photographer: Gabby Jones/Bloomberg
S&P Global Ratings has signaled to some investors privately that it may grant a high-grade rating to $1.5 billion of Electronic Arts bonds, a move that would effectively block debt investors from a lucrative buyout premium.
S&P Global Ratings has signaled to some investors privately that it may grant a high-grade rating to $1.5 billion of Electronic Arts bonds, a move that would effectively block debt investors from a lucrative buyout premium.
The Electronic Arts headquarters in Redwood City, California. Photographer: David Paul Morris/Bloomberg