Mmastodon CultureGaming first seen 3 d ago, last 3 d ago, peak #9
EA bondholders allege new owners defaulted on $1.5 billion of debt
Original: EA bondholders allege that the new owners have already defaulted on $1.5 billion of debt https://www. resetera.com/threa
Bondholders of Electronic Arts are alleging that the company's new ownership group has already defaulted on $1.5 billion of debt. The claim, circulating on gaming forums, suggests the leveraged buyout financing may be in trouble shortly after the deal closed, raising questions about the financial structure behind the acquisition of the video game publisher.
Why now: The allegation of an immediate default following EA's high-profile buyout raises concerns about the deal's financing and the company's future.
Electronic ArtsEA new ownership group
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