EA said in an SEC filing that it has had more than the amount needed to cover the Take-Two acquisition--valued at around $2.1 billion--set aside as early as March 31 this year.

But EA still secured the new loan from Morgan Stanley Senior Funding, Inc., Morgan Stanley Bank, BNP Paribas, BNP Paribas Securities Corp., The Bank of Nova Scotia and KeyBank  National Association.

The funding organizations will be able to provide EA with up to mmoabc billion of senior unsecured loan term financing at any time until January 9, 2009. Funds would be used towards offer "and/or the merger."

EA will be required to pay back the loan, along with interest.