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JPMorgan proposes ~11% yield on $5 billion AI loan for Volta Infrastructure Holdings

Bloomberg ·

JPM JPMorgan Chase & Co
$332.38 0.00%
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  1. 1JPMorgan Chase is proposing a yield of approximately 11% on behalf of Volta Infrastructure Holdings Ltd.
  2. 2The $5 billion leveraged loan sale for Volta Infrastructure Holdings Ltd. is being marketed at a range of 6.25-6.5% above benchmark rates.
  3. 3Volta Tydal Holdings S.à r.l. will use a $3.7 billion chip loan to purchase approximately 36,000 Nvidia GPUs.

So what's the key point?

JPMorgan has proposed a loan for Volta Infrastructure Holdings Ltd. with an 11% return. The funds will be used to purchase 36,000 Nvidia chips for business operations.

Source Bloomberg · View original ↗

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