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Back-to-back Qualtrics, EA debt sales to test bond investors' appetites in volatile market

JPMEA
M&A & RestructuringCredit & Bond MarketsBanking & LiquidityPrivate Markets & VentureMedia & Entertainment

A JPMorgan Chase-led group of banks is set to market a debt package to finance Qualtrics' acquisition of peer Press Ganey Forsta, coming after the banks concluded a separate debt sale tied to the take-private of game publisher Electronic Arts. The move signals continued dealer-led M&A financing activity and could modestly affect leveraged loan and bond supply/pricing in the software and gaming deal pipeline.

Analysis

A JPMorgan Chase-led group of banks is set to market a debt package to finance Qualtrics' acquisition of peer Press Ganey Forsta, coming after the banks concluded a separate debt sale tied to the take-private of game publisher Electronic Arts. The move signals continued dealer-led M&A financing activity and could modestly affect leveraged loan and bond supply/pricing in the software and gaming deal pipeline.

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