AIBloomberg1h ago
JPMorgan and Goldman, leading a $5B loan sale with a yield of ~11%
Sources: JPMorgan and Goldman, leading a $5B loan sale with a yield of ~11% for AI startup Volta, took a rare move to limit exposure by underwriting just $1.3B
TL;DRMajor banks underwriting only 26% of a $5B AI startup loan they're leading.
Why it matters: Signals banker skepticism about AI valuations and highlights refinancing risk for capital-intensive startups.
JPMorgan Chase & Co. and Goldman Sachs Group Inc. have taken a rare move to limit their exposure on a $5 billion loan sale …
Read full articleSource: Bloomberg · Opens in new tab