EA Buyout Banks Eye €4 Billion, $10.5 Billion Debt Split

Banks selling down the financing backing the record leveraged buyout of Electronic Arts Inc. are set to split the bulk of the debt between a $10.5 billion offering for the US market and a €4 billion ($4.65 billion) package in Europe, according to people familiar with the matter.

JPMorgan Chase & Co. is leading the pack of lenders arranging the sale of the debt facilitating the $55 billion deal, which is due to launch for pre-marketing in the next couple of weeks. The deal has been attracting anchor commitments of around $500 million each from major investors at the bank’s leveraged finance conference in Miami Beach.