Goldman Sachs · Anthropic · Nvidia · JPMorgan · Crypto Briefing
JPMorgan and Goldman Sachs sweeten terms on Volta’s $5 billion AI loan
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J.P. Morgan logo (Wikimedia Commons, public domain)
Key facts
- The company raised $300 million in venture capital at a valuation of $2.4 billion
- JPMorgan Chase and Goldman Sachs have raised the yield and improved terms on a $5 billion leveraged loan for Volta Infrastructure Holdings Ltd., a young AI cloud and infrastructure company
- Pricing is now set at SOFR plus 625 to 650 basis points
- The second piece is a $3.712 billion loan tied to GPUs, the specialized chips that power AI models
Summary
J.P. Morgan logo (Wikimedia Commons, public domain) The banks raised the yield and added investor protections after initial demand for the unrated GPU financing fell short. JPMorgan Chase and Goldman Sachs have raised the yield and improved terms on a $5 billion leveraged loan for Volta Infrastructure Holdings Ltd., a young AI cloud and infrastructure company. The revised deal now offers yields of roughly 11.21% to 11.75%. The full package comes to $5.012 billion.