A JPMorgan Chase-led (JPM) group of Wall Street banks commenced a $5.75 billion cross-border leveraged loan sale to help finance Electronic Arts' (EA) buyout, Bloomberg reported Monday, citing a person familiar with the matter.

A $4 billion loan is being offered at a discounted price of roughly $0.985 on the dollar and a margin of 3.50 to 3.75 percentage points over a benchmark, the report said. JPMorgan is also offering a 1.53 billion euro ($1.75 billion) loan at similar terms, according to Bloomberg.

A lender call is set for 10 a.m. ET on Tuesday, with lender commitments due March 23, Bloomberg reported.

JPMorgan and Electronic Arts didn't immediately reply to requests for comment from MT Newswires.

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