Oak-Eagle AcquireCo Extends Tender Offers for Electronic Arts Senior Notes
Oak-Eagle AcquireCo, Inc. announced an extension to the expiration time and settlement date for its previously announced offers to purchase all outstanding Electronic Arts Inc. senior notes due 2031 and 2051. The extensions are tied to an ongoing acquisition.
Oak-Eagle AcquireCo, Inc. has extended the expiration time and settlement date for its previously announced tender offers concerning Electronic Arts Inc.'s (NASDAQ: EA) 1.850% Senior Notes due 2031 and 2.950% Senior Notes due 2051. The new expiration time for the offers is July 30, 2026, with a settlement date set for August 4, 2026.
This adjustment is part of a broader corporate transaction where Oak-Eagle AcquireCo, Inc. is acquiring Electronic Arts. The tender offers and related consent solicitations are expressly conditioned upon the closing of the acquisition. Oak-Eagle AcquireCo, Inc. was formed by an investor consortium including The Public Investment Fund, Silver Lake, and Affinity Partners.
The original offer documents were dated February 10, 2026. As of the announcement, a notable amount of the 2031 Notes ($68,819,000) had been tendered, along with a smaller portion of the 2051 Notes ($7,917,000). Oak-Eagle indicated its intention to accept all tendered notes, subject to the satisfaction of all conditions.
The consummation of the merger is not conditioned on the completion of the tender offers, meaning the acquisition can proceed even if the tender offer is not fully accepted. The extended deadlines provide bondholders with additional time to consider the offer before the acquisition closes.