JPMorgan and Goldman limit exposure on $5B Volta loan sale

JPMorgan and Goldman Sachs led a $5 billion loan sale for AI startup Volta with a yield of about 11%, but underwrote only $1.3 billion to limit their exposure. The move is rare for banks on a syndicated deal of this size.

• $5B loan sale for AI startup Volta carries a yield of about 11%
• JPMorgan and Goldman underwrote only $1.3B of the $5B deal
• Banks moved to limit their own exposure on the loan