JPMorgan to Start Debt Deal for $55 Billion EA Buyout Next Week

JPMorgan Chase & Co. is set to formally start the process next week of selling syndicated debt for the record leveraged buyout of Electronic Arts Inc., according to a person familiar with the matter.

The largest US bank is hosting a leveraged finance conference in Miami Beach this week, where Andrew Wilson, Electronic Arts’ chief executive officer, will take meetings with some of the largest speculative-grade debt investors for anchor commitments on the financing, which will be about $20 billion in total, said the person, who asked not to be named because the information isn’t public.