Kirkland Represents Investor Consortium on $18 Billion Financing for EA Acquisition

Kirkland & Ellis advised an investor consortium comprised of PIF, Silver Lake and Affinity Partners in connection with the financing for its acquisition of Electronic Arts Inc. (Nasdaq: EA), a global leader in digital interactive entertainment, in an all-cash transaction that values EA at an enterprise value of approximately $55 billion. The financing comprises (i) $2.875 billion in aggregate principal amount of 7.250% senior secured notes due 2033, (ii) €1.08 billion in aggregate principal amount of 6.250% senior secured notes due 2033, (iii) $2.5 billion in aggregate principal amount of 8.750% senior notes due 2034, (iv) a three-year $2.167 billion first lien term loan A-1 facility, (v) a five-year $1.083 billion first lien term loan A-2 facility, (vi) a seven-year $6.125 billion first lien term loan B facility and (vii) a seven-year €1.725 billion term loan B facility. The notes offering closed on April 8, 2026, with the proceeds being funded into escrow pending closing of the acquisition.

The Kirkland team included capital markets lawyers Josh Korff, Zoey Hitzert, Sarah Lipinski, Sean Choi, Richard Hong, Saud Alshaikh and Matt Riley; debt finance lawyers Adam Shapiro, Conor O’Muiri and Madison Frandina; derivatives lawyer Scott Gordon; and tax lawyers Dean Shulman, Sehj Vather, Jake Jung and Olivia Chilcott.