JPMorgan to back 3G Capital’s Skechers $6.5bn debt financing - Private Equity Wire
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JPMorgan to back 3G Capital’s Skechers $6.5bn debt financing - Private Equity Wire
JPMorgan Chase is preparing to launch a $6.5bn debt package as early as next week to support private equity firm 3G Capital’s acquisition of global footwear brand Skechers, according to a report by Bloomberg citing sources familiar with the matter. The debt financing is expected to comprise approximately $4bn in secured debt and $2.5bn in unsecured notes, the latter potentially featuring a payment-in-kind (PIK) toggle structure. The PIK option a…
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