Electronic Arts Bondholders Allege Default Following Largest LBO
Electronic Arts bondholders have alleged a $1.4 billion debt default, escalating a dispute over whether the videogame maker must pay them off at a premium after going private in the largest leveraged buyout to date.
4 billion debt default, intensifying a dispute over whether the videogame maker must redeem them at a premium after going private in the largest leveraged buyout of all time. An investor group notified the company of the alleged default, according to the source section.