Debt Deals for Qualtrics and EA Test Investor Appetite
Banks led by JPMorgan are preparing back-to-back debt sales tied to major technology deals, in a move seen as a key test of investor appetite in a volatile market.
The first transaction involves financing the $55 billion leveraged buyout of Electronic Arts, which has already attracted strong demand, exceeding $19 billion. The package includes multiple loans and debt instruments across currencies.
Following this, banks plan to market a separate debt package to support Qualtrics’ $6.75 billion acquisition of Press Ganey Forsta. That deal is expected to be financed largely through leveraged loans and high-yield bonds.
The transactions come at a time when the technology sector is facing uncertainty, particularly due to concerns about artificial intelligence disrupting traditional software business models.
Market participants are closely watching how investors respond, as the success or failure of these deals could influence future large-scale financing in the tech sector.