#United States #Senior Notes #Wilmington #Electronic Arts #Oak-Eagle AcquireCo

Oak-Eagle AcquireCo, Inc. Extends Expiration and Settlement Dates for Tender Offers on Electronic Arts' Senior Notes

On March 11, 2026, Oak-Eagle AcquireCo, Inc. announced critical updates regarding the tender offers for Electronic Arts, Inc. (NASDAQ EA) senior notes, particularly focusing on the 1.850% Senior Notes due in 2031 and the 2.950% Senior Notes due in 2051. This communication revolves around the extension of the expiration time and settlement date for these tender offers and consent solicitations, providing valuable insights for all stakeholders involved.

Background of the Tender Offers

The tender offers were initially set to expire at 5:00 PM New York City time on March 11, 2026. However, the Offeror has now extended this deadline to 5:00 PM on April 30, 2026. This extension gives holders of the notes an extended opportunity to participate in the offers, which are conditioned upon the successful merger of Electronic Arts with Oak-Eagle MergerCo, Inc.

The tender offers include solicitations for consent from note holders to proposed amendments to the indenture governing the notes. These planned changes are designed to eliminate certain restrictive covenants and modify existing provisions that may hinder the merger’s completion and future financing strategies.

New Settlement Dates

Furthermore, the settlement date for the offers has also been pushed back to May 5, 2026, unless extended or terminated earlier. This adjustment allows for an aligned timeline concerning the anticipated closing date of the merger, which is expected to happen shortly thereafter. Notably, the withdrawal deadline remains unchanged at 5:00 PM on February 24, 2026, meaning that any notes tendered after this date will not be eligible for withdrawal.

According to the information provided by Global Bondholder Services Corporation, as of the announcement, approximately $67.46 million of the 2031 Notes and about $7.92 million of the 2051 Notes have been tendered. The Offeror intends to accept all validly tendered notes that meet the conditions outlined in their Offer to Purchase and Consent Solicitation Statement.

Consideration for Tendered Notes

Holders of the notes can expect to receive specific tender offer considerations that reflect the financial terms outlined in the statement dated February 10, 2026. For instance, holders of the 1.850% Senior Notes will receive an estimated $872.71 per $1,000 of the principal amount validly tendered, while 2.950% Senior Notes holders are expected to receive approximately $694.79.

Importance of the Merger

These tender offers and consent solicitations are significant components of the ongoing acquisition efforts by Oak-Eagle AcquireCo, Inc. Recent developments indicate that the investor consortium, including The Public Investment Fund, Silver Lake, and Affinity Partners, is determined to ensure that the merger proceeds smoothly, with these financial instruments being crucial for the overall financing strategy.

Conclusion

In summary, the extension announced by Oak-Eagle AcquireCo, Inc. for the tender offers and consent solicitations provides holders of Electronic Arts’ senior notes with an additional opportunity to participate in this strategic move. As the merger approach ramps up, interest in the financial implications of these offers will only increase. Stakeholders shouldstay updated with any further announcements from the Offeror as the dates approach to ensure they make informed decisions regarding their holdings.