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Volta sold a $5 billion AI loan at 95 cents as CoreWeave and Oracle default insurance hits records
AI-cloud startup Volta sold its $5 billion loan on October 15, 2026, at 95 cents on the dollar and a yield above 11%, below the terms JPMorgan and Goldman pitched a week earlier. The buyers who forced the discount did so as CoreWeave's default insurance crossed the distress line and Oracle's hit a record.
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