JPMorgan, Goldman Underwrite Just $1.3B of $5B Volta Loan — SkimNews
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- JPMorgan and Goldman Sachs are leading a $5 billion loan sale for AI startup Volta, with the debt carrying a yield of approximately 11%.
- The banks will underwrite only $1.3 billion of the total $5 billion deal — a move Bloomberg sources described as rare, aimed at limiting their own risk on the transaction.
Why it matters: Even at an 11% yield, two of Wall Street's top banks are capping their own exposure on a single AI-startup loan at $1.3B out of $5B, signaling heightened caution around underwriting risk in the AI debt market — the remaining $3.7B will need to be placed with other lenders.
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