Paula Seligson

Paramount Skydance Corp. is promising to cut $6 billion in costs within three years as it looks to lock in lenders for its blockbuster Warner Bros. Discovery Inc. acquisition.

JPMorgan Chase & Co. is pitching a yield of about 11% on a $5 billion leveraged-loan sale on behalf of Volta Infrastructure Holdings Ltd., one of the highest borrowing costs seen in the market for risky debt that’s become popular for financing the AI boom.

(Bloomberg) -- JPMorgan Chase & Co. is pitching a yield of about 11% on a $5 billion leveraged-loan sale on behalf of Volta Infrastructure Holdings

Waymo increased the size of its inaugural debt raise to $5 billion, tapping lenders to help fuel the robotaxi company’s growth as it expands globally.

Waymo increased the size of its inaugural debt raise to $5 billion, tapping lenders to help fuel the robotaxi company's growth as it expands globally.

Pizza Hut has begun preliminary discussions with asset-backed security investors ahead of a potential bond sale to finance its $1.5 billion buyout.

The potential offering is expected to be a whole business securitization, where a company essentially borrows against its cash-generating assets, including fee income from franchise agreements. No final decision on the bond has been made, and the plans may change, one of the people said.

“What is a GPU?” Blackstone Inc. executives asked CoreWeave Inc.’s leadership. Also: “Is AI real?”

The scale of the spending risks leaving debt markets dependent upon AI's profitability. The deluge also threatens to drive up borrowing costs for AI and other sectors as tech firms compete for finite capital amid rising interest rates. JPMorgan Chase & Co. analysts predict chip spending could exceed $3 trillion through 2030, with the majority likely funded by borrowing.

Anthropic PBC warned it may need to seek more financing sooner than the artificial-intelligence company had anticipated while saying little about its potential path to an investment-grade credit rating in its closely watched IPO filing.