JPMorgan Chase (JPM) is expected to lead approximately $5 billion in debt financing to back 3G Capital's $9.4 billion proposed acquisition of footwear maker Skechers (SKX), Bloomberg reported Monday, citing people close to the matter.
The debt sale is expected to commence after May 26, according to a people familiar with the matter.
Skechers said earlier Monday it accepted the private equity firm's $63.00 apiece cash offer. The deal is expected to close in Q3, subject to customary closing conditions, including regulatory approvals.
JPMorgan Chase and 3G Capital didn't immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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