J.P. Morgan and Deutsche Bank's credit for Apollo Management's acquisition of IMC Global's salt business was warmly received in the market last week. According to bankers, the deal contains a $275 million, eight-year term loan "B" and a $135 million revolver. The revolver is not likely to be fully syndicated, but will be club-style, among J.P. Morgan, Deutsche Bank, Credit Suisse First Boston and two other institutions, said a banker. It could not be ascertained if the two banks have already been brought on board. Calls to the J.P. Morgan officials involved were not returned. The term loan was originally expected to be slightly higher, but there was more cash on the balance sheet of the acquired company than was thought. Calls to Steven Anreder, a spokesman for Apollo, were not returned by press time.