Citigroup rescues Crown, Cork & Seal debt plan

Citigroup has agreed to stump up a $125m (€103m) emergency loan for Crown, Cork & Seal, a US packaging company, after investors baulked at the company's plans to raise €460m in the European bond market.

Crown, Cork & Seal scaled back the size of the junk bond issue to €350m following investor feedback that the original deal was too big and too expensive.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It