12:57 PM EDT, 10/16/2025 (MT Newswires) -- JPMorgan Chase ( JPM ) will see around 15 banks participating in underwriting the $20 billion debt financing for the leveraged buyout of Electronic Arts ( EA ) , Bloomberg reported Thursday, citing sources familiar with the matter.

JPMorgan ( JPM ) will keep 40% of the deal, with the other banks taking 10% or less, the sources said, according to the report.

After the underwriting group is established, the banks are aiming to sell the debt in the leveraged loan and high-yield bond markets early next year.

The cross-border, dual-currency financing is structured with a $2.5 billion term loan A, an $8 billion term loan B, $2.5 billion of unsecured bonds, $5 billion of secured bonds, and a $2 billion liquidity facility. However, the final structure of the transaction may still change depending on market conditions at the time of the launch, the report added.

The gaming company is being taken private by Saudi Arabia's Public Investment Fund, private equity firm Silver Lake Management, and Affinity Partners, according to the report.

JPMorgan ( JPM ) and Electronic Arts ( EA ) did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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