Daily News: July 12, 2017

Credit Suisse, Goldman Lead Bain Buyout of Sealed Air

Reuters reported that Credit Suisse and Goldman Sachs are leading the financing for a $2 billion leveraged financing backing Bain Capital’s buyout of Sealed Air’s cleaning and chemicals systems and its food care divisions.

According to Reuters, the cross-border financing comprises a $900 million term loan, an €820 million ($942 million) term loan and a $250 million revolving credit facility. Meetings to form the lending syndicate are taking place this week.