Electronic Arts Announces Proposed Offering of Senior Notes
February 09 2021 - 8:47AM
Business Wire
Electronic Arts Inc. (NASDAQ: EA) today announced that it
intends to offer, subject to market and other conditions, senior
notes in a public offering.
EA intends to use the net proceeds from the offering for general
corporate purposes, including but not limited to acquisitions.
J.P. Morgan Securities LLC and BofA Securities, Inc. will act as
joint book-running managers for the offering.
The offering of senior notes is being made pursuant to an
effective shelf registration statement on Form S-3 that has
previously been filed with the Securities and Exchange Commission
(“SEC”). A preliminary prospectus supplement, together with the
accompanying prospectus, related to the offering has been filed
with the SEC and is available on the SEC’s website,
http://www.sec.gov. Copies of the preliminary prospectus supplement
and the accompanying prospectus related to the offering may be
obtained by contacting: J.P. Morgan Securities LLC at (212)
834-4533 or BofA Securities, Inc. toll free at (800) 294-1322.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any jurisdiction
in which such an offer, solicitation or sale would be unlawful
prior to the registration or qualification under the securities
laws of any such jurisdiction.
About Electronic Arts
Electronic Arts (NASDAQ: EA) is a global leader in digital
interactive entertainment. The Company develops and delivers games,
content and online services for Internet-connected consoles, mobile
devices and personal computers.
In fiscal year 2020, EA posted GAAP net revenue of $5.5 billion.
Headquartered in Redwood City, California, EA is recognized for a
portfolio of critically acclaimed, high-quality brands such as EA
SPORTS™ FIFA, Battlefield™, Apex Legends™, The Sims™, Madden NFL,
Need for Speed™, Titanfall™ and Plants vs. Zombies™. More
information about EA is available at www.ea.com/news.
Safe Harbor for Forward-Looking Statements
Some statements set forth in this press release regarding
Electronic Arts’ offering of senior notes contain forward-looking
statements that are subject to change. Statements including words
such as “anticipate,” “believe,” “expect,” “intend,” “estimate,”
“plan,” “predict,” “seek,” “goal,” “will,” “may,” “likely,”
“should,” “could” (and the negative of any of these terms),
“future” and similar expressions also identify forward-looking
statements. These forward-looking statements are subject to risks
and uncertainties that could cause actual events or actual future
results to differ materially from those set forth in the
forward-looking statements, including the following: Electronic
Arts’ ability to effectively execute its business and capital
plans, changes in general economic and market conditions, including
the stock market, changes in interest rates, including interest
rate resets and other factors described in Electronic Arts’ SEC
filings (including the preliminary prospectus supplement and
accompanying prospectus filed in relation to the offering of senior
notes, Electronic Arts’ latest Quarterly Report on Form 10-Q for
the fiscal quarter ended December 31, 2020 and Electronic Arts’
Annual Report on Form 10-K for the fiscal year ended March 31,
2020). If any of these risks or uncertainties materializes, the
potential benefits of the offering of senior notes may not be
realized, Electronic Arts’ operating results and financial
performance could suffer, and actual results could differ
materially from the expectations described in these forward-looking
statements. There is no assurance that the offering of the senior
notes will be completed or completed as described above. These
forward-looking statements speak only as of the date of this press
release. Electronic Arts assumes no obligation to update these
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20210209005737/en/
Chris Evenden VP, Investor Relations 650.628.0255
cevenden@ea.com
John Reseburg VP, Global Communications 650.628.3601
jreseburg@ea.com
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