JPMorgan Leads Major Debt Sales for EA and Qualtrics
JPMorgan is marketing debt for the Electronic Arts and Qualtrics deals. The sales test investor demand for tech financing despite recent market volatility.
A banking syndicate led by JPMorgan Chase & Co. is preparing to test investor appetite with a pair of significant debt offerings in the technology and software sectors. The move comes amid a period of heightened market volatility and shifting sentiment regarding the long-term impact of artificial intelligence on software business models.
The first major test involves the financing for the take-private acquisition of Electronic Arts Inc.. A group of lenders launched a $5.75 billion cross-border loan on Monday to support the record-breaking $55 billion leveraged buyout. This massive deal, which was announced in September, involves a consortium of investors including Saudi Arabia's Public Investment Fund, Silver Lake, and Affinity Partners.
