Electronic Arts told a group of creditors that some of its bonds have received investment-grade ratings from Egan-Jones, according to Techub News, citing Bloomberg Technology. The company is using that rating to push back against creditor claims that they are owed a premium after EA was taken private. EA's position also addresses allegations from those creditors that the company breached its debt terms and should pay additional fees. The report does not disclose which bonds were rated, how large the disputed payments are, or when the rating was assigned. What is clear from the item is the line of argument EA is advancing: the company is leaning on an external investment-grade assessment as part of its defense against claims tied to its post-privatization debt obligations. Bloomberg Technology was identified as the source of the report.
Electronic Arts has told some creditors that certain bonds have received investment-grade ratings from Egan-Jones, according to Techub News, citing Bloomberg Technology.
EA is using that rating to challenge creditor demands for a premium following the company's privatization. The move is also aimed at answering claims from creditors that EA defaulted and should pay additional fees.
Bloomberg Technology was cited as the source of the report.
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