JPMorgan Chase has initiated a $5.75 billion cross-border leveraged loan sale to finance the $55 billion buyout of Electronic Arts Inc., one of the largest transactions of its kind. The bank is offering investors a $4 billion US dollar term loan B at 98.50 cents on the dollar with 3.5-3.75% interest over a key benchmark, alongside a €1.53 billion loan equivalent to $1.75 billion, both priced similarly. A lender call is scheduled for Tuesday with commitments due March 23. This financing package includes a $3.25 billion term loan A, $6.5 billion of other secured debt, and $2.5 billion of unsecured debt.

The $55 billion deal, led by Silver Lake Management, Saudi Arabia's Public Investment Fund, and Jared Kushner's Affinity Partners, ranks among the biggest leveraged buyouts and M&A transactions of 2025. It tests investor appetite amid market turbulence from the Iran war and AI disruption, which have depressed secondary loan prices. JPMorgan is anchoring $20 billion of debt with 20 lenders including Bank of America, Citigroup, and Morgan Stanley, marking one of the largest buyout commitments on record.

This transaction underscores Wall Street's continued appetite for blockbuster deals despite stretched valuations and economic concerns, highlighting the financing challenges for mega-buyouts in volatile markets.