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Has evoked several superlatives, including being heralded as the biggest leveraged buyout of all time Ea is going private in a megaton $55 billion leveraged buyout, but the deal comes with $20 billion in debt, including a loan expected to be high risk. Part of that list is jpmorgan chase & co.
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The lbo is backed by a $20 billion debt financing commitment from jpmorgan, of which $18 billion is expected to be funded at close. Rhys elliott, analyst for alinea analytics, wrote that the $20 billion debt is a ticking time bomb for ea studios like bioware or motive. Topline electronic arts will go private in a $55 billion all cash buyout led by saudi arabia’s public investment fund, silver lake and jared kushner’s affinity partners, the largest leveraged.
