Market Chatter: JPMorgan, Morgan Stanley Plan to Offer TeraWulf Data Center Loan to Private Credit Firms

MT Newswires Live
06/05

JPMorgan Chase (JPM) and Morgan Stanley (MS) are arranging a $350 million project financing for TeraWulf (WULF), which the two banks plan to sell to private credit firms, Bloomberg reported Thursday, quoting unnamed sources familiar with the matter.

The report said that usually bank-originated loans are sold to funds in the high-yield bond market or to participants in the syndicated-loan market.

Funds from the TeraWulf loan are to back the construction of a data center in New York, the report said.

Bloomberg said that JPMorgan and Morgan Stanley representatives declined to comment, and a TeraWulf representative pointed to the firm's latest earnings call, in which executives said a financing process had been started.

TeraWulf, JPMorgan and Morgan Stanley didn't immediately respond to requests for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 4.13, Change: -0.11, Percent Change: -2.48

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10