{
  "dataset_id":"volta-reported-sale-2026-10-26",
  "reviewed_on":"2026-10-26",
  "status":"sale_and_price_reported_not_verified_cash_funding",
  "sources":{
    "sale":{"url":"https://ca.finance.yahoo.com/news/jpmorgan-goldman-boost-yield-volta-232556640.html","publisher":"Bloomberg via Yahoo Finance","authors":["Laura Benitez","Jeannine Amodeo"],"published_at":"2026-10-15T23:25:56+00:00","localized_display_date":"2026-10-16","access":"Full public article expanded with Story Continues and read in browser on October 26; web retrieval returned 429","attribution":"People familiar with the matter; not an issuer confirmation"},
    "marketing":{"url":"https://finance.yahoo.com/technology/ai/articles/volta-launches-5b-leveraged-loan-142910544.html","publisher":"PitchBook via Yahoo Finance","published_on":"2026-10-09","record":"/downloads/volta-utility/volta-terms-update-2026-10-11.json","access":"Historical reviewed record retained; not newly reread in this update"},
    "rating_customer":{"url":"https://www.semafor.com/article/10/13/2026/voltas-5-billion-debt-deal-is-a-pulse-check-on-the-ai-financing-boom","publisher":"Semafor","published_on":"2026-10-13","access":"Public article reread on October 26"},
    "issuer_news":{"url":"https://volta.com/news/","checked_on":"2026-10-26","loan_closing_notice_observed":false,"absence_proves_failure":false}
  },
  "historical_marketing":{"margin_bp_range":[625,650],"price_percent_of_par_range":[97,98],"package_face_usd":5012000000,"gpu_tranche_face_usd":3712000000,"term_loan_c_face_usd":1300000000,"status":"Marketed amounts, not final-size confirmation"},
  "reported_sale":{"event_date":"2026-10-15","event_basis":"Thursday in the article published October 15 UTC","package_description_usd_approx":5000000000,"margin_bp":650,"price_percent_of_par":95,"benchmark_definition":null,"tranches_as_rounded_in_report_usd":[1300000000,3700000000],"term_scope":"Offering-level wording; independent final price and allocation by tranche not established","exact_final_package_face_usd":null,"final_gpu_tranche_terms":null,"final_term_loan_c_terms":null,"call_protection":"Stronger protections and an early-repayment penalty reported; detailed final schedule not supplied"},
  "rating_wording":[
    {"source_id":"rating_customer","rated_entity":"Anthropic","threshold":"investment grade","direction":"decrease","change_bps":null,"executed_clause_verified":false},
    {"source_id":"sale","rated_entity":"Volta","threshold":null,"threshold_description":"certain ratings","direction":null,"change_bps":null,"executed_clause_verified":false}
  ],
  "rating_interpretation":"Different reported entities and specificity; neither replacement of the earlier provision nor two independent ratchets is established.",
  "unresolved":{"executed_loan_documents_obtained":false,"first_funding_date":null,"funded_cash_usd":null,"restricted_cash_usd":null,"usable_cash_usd":null,"discount_economic_bearer":null,"apollo_final_allocation_by_tranche":null,"dated_amortization":null,"actual_borrower_all_in_cost":null},
  "illustration":{"label":"Borrower-borne discount arithmetic, not actual Volta proceeds","unit":"USD per 100 face or 100 desired cash","prices":[98,97,95],"fixed_face":100,"target_cash":100,"fees":0,"discount_bearer":"Borrower by assumption","assumed_allocation_not_source_fact":true,"restrictions":"No funding delay, retained reserves, fees, amortization, coupon, default or refinancing modeled"},
  "prediction_status":"Dated observation update, not a forecast score."
}