Market Chatter: JPMorgan Begins Selling Slice of Electronic Arts Buyout Debt

MT Newswires Live01-31

JPMorgan Chase (JPM) is among banks that have started selling down portions of a $20 billion debt package backing the acquisition of Electronic Arts (EA), Bloomberg reported Friday, citing people familiar with the matter.

Middle Eastern, Asian, and smaller European banks are buying up to $3 billion of the term loan A tranche, attracted by its amortizing structure and yields of roughly 250 and 275 basis points over benchmarks, the report said.

JPMorgan Chase did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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