Bank of America and J. P Morgan Chase is preparing to raise about $2.4 billion in debt financing to support the CVC Capital Partners deal, Bloomberg reports. The funds will be used to acquire the foodstuff division of International Flavs and Perfume (IFF). JPMorgan will lead the position of the euro track, and Bank of America will oversee the dollar portion equal to about $1.5 billion. Credit syndication will begin in the coming weeks.