Electronic Arts' (EA) dollar-denominated debt to help fund the video game maker's buyout is being lapped up by investors, Bloomberg reported Wednesday, citing Trace data.
The company's 8.75% unsecured bond reached 104.25 cents on the dollar, while its 7.25% secured note hit up to 102.88 cents, as per Trace data, the report said.
Additionally, Electronic Arts' $6.13 billion term loan, which was priced at 98.50 cents, rose by a full cent by midday trading, according to the news outlet, citing people familiar with the matter.
The company did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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