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What’s it like selling EA’s junk debt as the U.S. plunges the Middle East into war?

A recent Bloomberg report details JPMorgan’s “high wire” act concerning the debt that’s financing EA’s leveraged buyout by Saudi Arabia and others. It had a cool video game-style codename—”Project Eagle”—and everything. The Wall Street bankers had to unload $6.4 billion in bonds and deliver $8.125 billion in leveraged loans to potential buyers or the EA sale would fall apart. Most of this entailed being glued to Trump’s personal social media accounts, watching and waiting for him to back off of bombing Iran which, in addition to the human carnage, has fueled “uncertainty” in the markets that c

Trump's War With Iran Almost Torpedoed The EA Saudi Arabia Deal

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