EA Bonds Plunge After Buyback Offer Ties Prices to Treasuries

Electronic Arts' bonds drop sharply as prospective buyers launch buyback offer linked to US government debt.

Published on Feb. 10, 2026

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Electronic Arts Inc.'s bonds plummeted on Tuesday after the prospective buyers of the videogame maker launched a buyback offer that tied the notes' prices to US Treasuries. EA's 2051 bond fell 13.75 cents on the dollar to 78.25 cents, while a 2031 bond dropped 4.7 cents to 92 cents, both hitting their lowest levels since the company's buyout was announced in late September.

Why it matters

The sharp decline in EA's bond prices highlights the market's sensitivity to changes in interest rates and the broader economic environment. Tying the buyback offer to Treasuries suggests the prospective buyers are factoring in rising rates and economic uncertainty, which could impact EA's business and finances.

The details

The buyback offer from the prospective buyers of EA has caused the company's bonds to plummet in value. The 2051 bond fell 13.75 cents to 78.25 cents, while the 2031 bond dropped 4.7 cents to 92 cents, both reaching their lowest levels since the buyout announcement in late September.

  • EA's bonds plunged on Tuesday, February 10, 2026.
  • The buyout of EA was announced in late September.

The players

Electronic Arts Inc.

A major American video game company that develops and publishes games across multiple platforms.

US Treasuries

Debt securities issued by the United States government to finance its operations and public spending.

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The takeaway

The sharp decline in EA's bond prices highlights the market's sensitivity to changes in interest rates and broader economic conditions. The buyback offer's link to Treasuries suggests the prospective buyers are factoring in rising rates and economic uncertainty, which could impact EA's business and finances.