JPMorgan Shifts EA Buyout Debt Mix, Boosts Loan to $5 Billion

JPMorgan Chase & Co. and other Wall Street banks have restructured the debt package for the Electronic Arts Inc. buyout. They increased the U.S. dollar loan offering to $5 billion, adding $1 billion, while simultaneously reducing other U.S. dollar-denominated secured debt by the same amount to $3.75 billion. This adjustment aims to rebalance the financing for the video game maker’s acquisition.

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