JPMorgan’s ‘Project Eagle,’ EA Debt Sale Amid War: Credit Weekly

March 28, 2026, 7:00 PM UTC

The post from @realDonaldTrump landed at precisely 7:23 a.m. Inside JPMorgan Chase & Co., the final piece of Project Eagle was a go.

For weeks, JPMorgan bankers had anxiously watched events in the Middle East as they worked to sell the financing for the biggest leveraged buyout ever, the $55-billion private equity takeover of video-game giant Electronic Arts Inc. And by Sunday, March 22, there was still the possibility that the US would target energy infrastructure in Iran and send markets into a tailspin.

So a collective sigh went up the next morning when President Donald Trump abruptly announced ...

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