JPMorgan Kicks Off Skechers Loans for 3G Capital’s Buyout

Skechers USA Inc.launched more than $2 billion worth of leveraged loans on Monday partly to fund 3G Capital’s leveraged buyout of the footwear company, according to people familiar with the matter.

The debt came in the form of a $1.25 billion seven-year term loan B denominated in dollars and a €750 million ($870 million) seven-year term loan, said the people, who were not authorized to speak publicly. Some of the proceeds will also go toward refinancing existing debt.

JPMorgan Chase & Co. is leading the offering for Skechers, which is expected to total $6.5 billion in junk ...