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JPMorgan Chase and Goldman Sachs are restructuring their financing strategy for Volta Infrastructure by limiting direct underwriting on a portion of its $5 billion loan facility, specifically targeting high-yield chip debt. This move reflects a broader trend among major financial institutions to manage risk exposure while still capitalizing on the infrastructure demands of the AI sector. The shift highlights evolving banking caution regarding concentrated risks in specific hardware supply chains within the AI boom.
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JPMorgan and Goldman Sachs Reduce Risk Exposure on $5 Billion AI Cloud Startup Volta Loan Deal

36Kr1 min read

As investors demand higher yields for high-risk debt tied to the artificial intelligence (AI) boom, JPMorgan and Goldman Sachs have taken an unusual step to limit their risk exposure while arranging a $5 billion loan deal for AI startup Volta Infrastructure Holdings Ltd. The two banks are leading financing efforts for the emerging AI cloud company Volta. According to sources familiar with the matter, the banks underwrote $1.3 billion of the term loans for Volta but did not underwrite an additional $3.7 billion in chip loans, aiming to reduce potential risk.

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