JPMorgan Kicks Off Electronic Arts $1.5 Billion Bond Buyback

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:Gamers play EA Sports FC 26 during the Gamescom trade fair in Cologne, in AUgust.JPMorgan Chase & Co. has kicked off a buyback offer for $1.5 billion of Electronic Arts Inc. bonds, paving the way for a $20 billion financing package tied to the acquisition of the video-game maker, the biggest leveraged buyout on record.Banks started selling down some of the highly anticipated debt last month. Once that wraps up toward the end of February, they plan to syndicate leveraged loans and high-yield bonds to institutional investors in March or April.