JPMorgan Weighs Big Discount to Lure Lenders for Software Debt
THE SO WHAT
JPMorgan having to mark down part of $5B in Qualtrics debt to clear it shows how cold the leveraged software credit market remains. If you’re a late-stage SaaS or infra company, plan around tighter debt terms and slower syndicated deals — equity or strategic capital may be the only realistic options near term.
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