Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Electronic Arts Obtains $500 Million Credit Line From Four Banks

Don't Miss Out —
Follow us on:

Aug. 30 (Bloomberg) -- Electronic Arts Inc., the second-largest U.S. video-game publisher, obtained a $500 million revolving line of credit.

The unsecured debt, which comes due Feb. 29, 2016, may be increased by as much as $250 million, the company said today in a regulatory filing. The financing is arranged by JPMorgan Chase & Co, BNP Paribas SA, Citigroup Inc. and Morgan Stanley, according to the filing.

Proceeds of the loan for the Redwood City, California-based company will support corporate purposes. The maker of “Madden NFL” and “Medal of Honor” has become the largest publisher of games that are free to play on mobile devices, according to Frank Gibeau, president of the company’s EA Labels.

In a revolving line of credit, money may be borrowed again once it is repaid. Activision Blizzard Inc. is the largest U.S. publisher of video games.

To contact the reporter on this story: Krista Giovacco in New York at kgiovacco1@bloomberg.net.

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.