JPMorgan Amends $7.2 Billion Sealed Air Deal After Pushback

Banks led by JPMorgan Chase & Co. changed 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 told investors Tuesday of changes that would 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.