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Markets
Volta's $5B debt deal is a pulse check on the AI-financing boom
Debt marketed this week for an Anthropic-backed project in Norway shows lenders’ skittishness; high interest rates and a credit-rating provision.
When Volta, an AI infrastructure company, went out recently to raise $5 billion for a data center in Norway, the deal didn’t seem that different from the more than $450 billion in AI-related debt deals done so far this year.
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