Update: Market Chatter: Electronic Arts Takes Dispute With Bondholders to Court

04:01 PM EST, 11/04/2026 (MT Newswires) -- (Updates with US Bank Trust declines to comment in the last paragraph.) Electronic Arts (EA) has filed a lawsuit against its bondholders' trustee US Bank Trust, asking a federal judge to declare it isn't in default and doesn't owe a change-of-control premium, Bloomberg reported Wednesday. The company, which was taken private in August by Saudi Arabia's investment fund, said in the suit that any effort to seek an early payment of a premium would cause it "serious irreparable harm" and could trigger cross-default provisions under about $18 billion in debt of its parent, Oak-Eagle AcquireCo, the report said. Electronic Arts said no premium is owed because the notes were rated investment grade by Egan-Jones Ratings and because of a defeasance maneuver it invoked in a February buyback proposal, according to the report. US Bank Trust, part of US Bancorp (USB), declined to comment to MT Newswires, and Electronic Arts did not immediately respond to a request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)