Bank of America (BAC), Citi (C), and Morgan Stanley (MS) are among roughly 20 lenders that have joined a $20B debt financing backing the private takeover of Electronic Arts (EA), joining JPMorgan (JPM) in collecting fees tied to the biggest leveraged buyout in history, Bloomberg’s Jeannine Amodeo and Claire Ruckin report. The group, which is also anticipated to include Barclays (BCS), was allocated between 1%-5% of the financing, less than the 10% that some had initially wanted, the authors say, citing people with knowledge of the matter. Participants will collect a share of the roughly $500M of fees tied to the transaction, the authors note.
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