JPMorgan Markets Debt for Long Lake's $6.3 Billion Amex GBT Acquisition
JPMorgan Chase & Co. has begun marketing a debt package designed to finance Long Lake Management Inc.'s acquisition of Global Business Travel Group Inc. The target company, known as Amex GBT, is a travel platform that was spun out of American Express Co. The total value of this acquisition is reported to be $6.3 billion, and this financing effort contributes to a recent increase in leveraged-buyout financings coming to market.
JPMorgan Chase & Co. has initiated the marketing of a debt package to support a major acquisition. The financing is intended for Long Lake Management Inc.'s purchase of Global Business Travel Group Inc.
Global Business Travel Group Inc., often referred to as Amex GBT, is a travel platform that originated from American Express Co. The reported value of this acquisition stands at $6.3 billion.
This move by JPMorgan Chase & Co. reflects a recent uptick in leveraged-buyout financings that have been introduced to the market. (Source: Bloomberg Markets)
