Deals

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

The Electronic Arts headquarters in Redwood City, California.Photographer: David Paul Morris/Bloomberg

Wall Street banks led by JPMorgan Chase & Co. have amended the debt package for the buyout of video game maker Electronic Arts Inc., increasing the size of a US dollar loan offering to $5 billion.

The lender group boosted the loan by $1 billionBloomberg Terminal, while reducing the amount of other US dollar-denominated secured debt by the same amount to $3.75 billion, according to a person with knowledge of the matter, who asked not to be identified because they’re not authorized to speak publicly.