JPMorgan Shifts More of EA Buyout Financing Toward Junk Bonds

JPMorgan Chase & Co. is shifting more of the debt financing for the record leveraged buyout of Electronic Arts Inc. toward junk bonds, according to people with knowledge of the matter.

The roughly $15.5 billion debt offering is expected to include about $9.5 billion of junk bonds and $6 billion of leveraged loans, said the people, who asked not to be identified because they’re not authorized to speak publicly. Initially the debt mix was skewed more toward loans.