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Banks launch sale of EA buyout's $5.75 billion cross-border loan
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Banks launch sale of EA buyout's $5.75 billion cross-border loan
Mar 16, 2026 8:10 AM

WASHINGTON, March 16 (Reuters) - A JPMorgan-led group of

banks on Monday began marketing to investors a $5.75 billion

loan helping finance the leveraged buyout of Electronic Arts ( EA )

, according to a term sheet seen by Reuters.

The seven-year term loan B consists of a $4 billion U.S. dollar

portion as well as a 1.531 billion euro ($1.75

billion-equivalent) portion, according to the term sheet, which

will help finance game publisher EA's $55 billion take-private

deal by a consortium of investors including Saudi Arabia's

Public Investment Fund, Silver Lake and Affinity Partners.

There is also a $3.25 billion term loan A and $9 billion in

other dollar and euro-denominated secured and unsecured debt,

according to the term sheet.

The take-private deal is expected to close in June,

according to the firms' September announcement.

The banks are marketing the $4 billion portion and the 1.531

billion euro portion of the term loan B at a discounted 98.5

cents on the dollar and a floating interest rate of 350 basis

points (bps) to 375 bps over the Secured Overnight Financing

Rate (SOFR) and the Euro Interbank Offered Rate (Euribor),

respectively, according to the term sheet.

The loan sale's deadline is currently set for market close

on March 23, according to the term sheet.

EA did not immediately respond to a request for comment.

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