other material
confidence high
sentiment neutral
materiality 0.20
EA replaces LIBOR with Term SOFR and other benchmarks in $500M credit facility
ELECTRONIC ARTS INC.
- Amended $500M revolving credit facility to replace LIBOR with Term SOFR for USD loans and market-standard rates for other currencies.
- No amounts drawn under facility; maturity remains August 29, 2024.
- Amendment effective October 18, 2022; no other material changes to credit agreement.
- No impact on financial condition or operations.