JPMorgan weighs smaller Qualtrics debt sale after $5 billion underwriter overhang

Bloomberg · 5 hours ago
JPMorgan weighs smaller Qualtrics debt sale after $5 billion underwriter overhang
  • JPMorgan is weighing a fresh debt sale for Qualtrics after underwriters got stuck with more than $5 billion of loans earlier this year.
  • One option is a smaller deal of about $2 billion each in high-yield bonds and leveraged loans, according to people with knowledge of the matter.
  • The financing backs Qualtrics' acquisition of Press Ganey Forsta.

Quotes

“JPMorgan Chase & Co. is weighing options for a fresh debt sale for Qualtrics International Inc. after underwriters got stuck with more than $5 billion of loans earlier this year.”— Bloomberg

Sources