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0.000175240956314916 -5.00688446613639E-05 0.00032544749029915 -5.00688446613639E-05 0.000575791713606254 -7.0096382525881E-05 0.000725998247590488 0.000926273626236086
Stock impact report

Banks launch sale of EA buyout's $5.75 billion cross-border loan [Yahoo! Finance]

Electronic Arts Inc. (EA) 
Last electronic arts inc. earnings: 1/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.ea.com
Company Research Source: Yahoo! Finance
helping finance the leveraged ?buyout of Electronic Arts, according to a term sheet seen by ?Reuters. The seven-year term loan B consists of a $4 billion U.S. dollar portion as well as a 1.531 billion euro ($1.75 billion-equivalent) portion, according to the term sheet, which will ?help finance game ?publisher EA's $55 billion take-private deal by a consortium of investors including Saudi Arabia's Public ?Investment Fund, Silver Lake and Affinity Partners. There is also a $3.25 billion term loan A and $9 billion in other dollar ?and euro-denominated ?secured and unsecured debt, ?according to the term ?sheet. The take-private deal is expected to close in June, according to the firms' September announcement. The banks are marketing the $4 billion portion and the 1.531 billion euro portion of the term loan B at a discounted 98.5 ?cents on the dollar and ?a floating interest rate of 350 ?basis points (bps) to ?375 bps over the Secured Overnight Financing ?Rate (SOFR) and the Euro Show less Read more
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