JPMorgan Markets $20 Billion Debt Package for Record $55 Billion Electronic Arts LBO on March 3, 2026

On March 3, 2026, JPMorgan Chase began preparing to market about $20 billion in syndicated debt to finance the $55 billion leveraged buyout of Electronic Arts, the largest LBO on record. The buyout group, led by Silver Lake with Saudi Arabia's Public Investment Fund and Affinity Partners, is structuring a mix of loans, secured and unsecured bonds, and a liquidity facility, while early investor interest and resistance from some existing bondholders create a cautious but watchful backdrop. The deal is widely seen as a key test for the broader leveraged finance and private equity markets in 2026's uncertain credit environment.