JPMorgan Increases EA Buyout Loan to $5 Billion Amid Volatile Markets

JPMorgan Chase has amended the debt package for Electronic Arts' buyout, increasing the US dollar loan to $5 billion and reducing other US dollar-denominated secured debt to $3.75 billion. The lender group has also tapped into the junk bond market to reach a broader number of investors amid volatile credit markets. EA's acquisition values the video game company at about $55 billion.