JPMorgan Joined by Around 20 Banks on $20 Billion EA Debt (1)

Bank of America Corp., Citigroup Inc. and Morgan Stanley are among about 20 banks that have joined a $20 billion debt financing backing the buyout of Electronic Arts Inc., giving them a slice of the massive fees tied to the biggest leveraged buyout ever.

The group, which is expected to also include Barclays Plc, was allocated between 1% and 5% of the financing, less than the 10% that some had initially hoped for, according to people with knowledge of the matter, who asked not to be identified because the discussions are private. Participants will take a share ...