JPMorgan to Lead $5 Billion in Debt Supporting Skechers Buyout

JPMorgan Chase & Co. is set to lead about $5 billion in debt financing to support private equity firm 3G Capital’s purchase of footwear maker Skechers, according to a person with knowledge of the matter.

The debt sale is expected to launch after the Memorial Day holiday, which occurs on May 26, said the person, who was not authorized to discuss the transaction publicly. 3G Capital expects its $9.4 billion Skechers buyout, which also includes an equity component, to close during the third quarter, according to a company statement.

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