CD&R Lines Up $7.9 Billion Cross-Border Deal for Sealed Air (1)

JPMorgan Chase & Co. and Bank of America Corp. are among a group of banks involved in a $7.9 billion cross-border debt financing backing Clayton Dubilier & Rice’s acquisition of Sealed Air, the packaging company best known for creating Bubble Wrap.

The financing, also provided by BNP Paribas SA, Goldman Sachs Group Inc., UBS Group AG and Wells Fargo & Co., is set to include leveraged loans and high-yield bonds, denominated in dollars and euros, according to people familiar with the deal, who asked not to be identified because the matter is private.

The banks expect to sell ...