8-KItem 1.01 · Material AgreementItem 1.02 · Termination of AgreementItem 2.01 · Acquisition/DispositionItem 3.01 · Delisting NoticeItem 3.03 · Security Rights ModificationItem 5.01 · Change in ControlItem 5.02 · Officer/Director ChangeItem 5.03 · Bylaws AmendmentItem 7.01 · Reg FD DisclosureItem 8.01 · Other EventsItem 9.01 · Financial Statements
EA Enters New Credit Facilities as PIF-Led Acquisition Closes
Filed with the SEC on · Summarized by InvestorsBot
EA’s parent entered a credit agreement with JPMorgan Chase, J.P. Morgan and other lenders providing $6.125 billion and €1.725 billion in term loan B facilities, a $3.25 billion term loan A facility and a $500 million revolving facility. Together with new secured and unsecured notes issued in April, the financing was used to fund the acquisition by PIF, Silver Lake and Affinity Partners and refinance EA’s existing debt; EA and certain subsidiaries guarantee the obligations, which are secured by substantially all of their assets. The merger has closed, EA stockholders will receive $210 in cash per share, and EA’s common stock has ceased trading and will be delisted from Nasdaq.