secwatch.observer — SEC 8-K summary
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Issuer:     ELECTRONIC ARTS INC. (EA)
CIK:        0000712515
Form:       8-K
Filed at:   2023-03-22T23:59:59+00:00
Accession:  0000712515-23-000015
Event type: debt
Sentiment:  neutral
Materiality: 0.10
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Electronic Arts refinances $500M undrawn revolving credit facility; new maturity March 2028
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- New $500M unsecured revolving credit facility replaces prior facility that was undrawn and due August 2024.
- Facility matures March 22, 2028; includes an increase option of up to $500M additional commitments.
- Interest rates based on credit ratings; applicable spread ranges from 0.875% (A2/A) to 1.375% (<Baa3/BBB-).
- Extension option allows up to two additional one-year terms; no loans drawn at closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/712515/000071251523000015/0000712515-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/712515/000071251523000015/ea-20230322.htm
  HTML page:      https://secwatch.observer/filing/0000712515-23-000015

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