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JPMorgan Kicks Off $8 Billion Junk-Bond Sale for EA Buyout

Gowri Gurumurthy
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⚡ Quantum Brief
JPMorgan Chase is leading an $8 billion junk-bond sale to finance the leveraged buyout of Electronic Arts, marking one of the largest such deals in gaming history. The bond offering includes $5.5 billion in secured notes (denominated in USD and euros) and $2.5 billion in unsecured USD bonds, launched Monday by a Wall Street lender consortium. This record-breaking buyout underscores private equity’s growing interest in high-value gaming assets, leveraging debt markets despite economic uncertainty. The deal reflects confidence in EA’s long-term profitability, though junk-bond terms signal higher risk for investors seeking elevated yields. The transaction’s scale may test market appetite for high-yield debt amid rising interest rates and volatile corporate financing conditions.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Video Games:Wall Street banks led by JPMorgan Chase & Co. have kicked off the sale of $8 billion in junk bonds to fund the record leveraged buyout of video game maker Electronic Arts Inc.The lender group on Monday launched the sale of $5.5 billion of US dollar and euro secured notes and $2.5 billion of dollar unsecured bonds, according to a person with direct knowledge of the matter.

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Source: Bloomberg Markets

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