JPMorgan Looks to Fend Off Private Credit on $1 Billion ASC Loan

JPMorgan Chase & Co.’s leveraged finance desk and Goldman Sachs Group Inc.’s private credit team are among the firms in discussions to lead a $1.05 billion financing for metal and hardware producer ASC Engineered Solutions, according to a person familiar with the matter.

Apollo Global Management Inc. and Oaktree Capital Management are also in the mix, said the person, who asked not to be identified discussing a private matter. The fresh cash would be used to refinance the syndicated debt the company took on in 2019 that JPMorgan arranged, according to people familiar with the matter.

The ...