Banks are preparing to syndicate more than $15bn of debt backing the $55bn leveraged buyout of Electronic Arts, Bloomberg reports.

The financing is expected to be split between a $10.5bn offering targeted at US investors and a €4bn, equivalent to approximately $4.4bn, package for European markets. JPMorgan Chase is leading the sale of the debt, which will include leveraged loans and high-yield bonds aimed at institutional investors across both regions.

The financing supports the acquisition of Electronic Arts by a consortium including Silver Lake, Public Investment Fund, and Affinity Partners.

Pre-marketing for the debt is expected to begin in the coming weeks, with general syndication likely to launch toward the end of March.

The transaction comes amid volatile market conditions, including geopolitical tensions and investor uncertainty around the potential impact of artificial intelligence on existing business models. Nevertheless, bankers expect strong demand given the scale and profile of the buyout.

The blockbuster Electronic Arts deal is widely seen as a test for the revival of large-scale leveraged buyouts after several years of subdued activity driven by higher interest rates.

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