JPMorgan Chase and Goldman Sachs have raised the yield and improved terms on a $5.012 billion loan for Volta Infrastructure Holdings Ltd., an AI cloud and infrastructure company founded in 2026 with no credit rating. The revised deal offers yields of roughly 11.21% to 11.75%, reflecting insufficient initial demand at lower terms. The package consists of a $1.3 billion first-lien term loan underwritten by the banks and a $3.712 billion GPU-linked tranche sold on a best-efforts basis. Volta, backed by Andreessen Horowitz, Nvidia, and Michael Dell, plans to use proceeds for a data center lease with Bitdeer Technologies and the purchase of approximately 36,000 Nvidia GPUs, anchored by a six-year compute agreement with Anthropic as the revenue stream lenders are betting on.
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