{
  "dataset_id": "volta-reported-terms-update-2026-10-11",
  "reviewed_on": "2026-10-11",
  "source_id": "PITCHBOOK-LOAN-MARKETING-20261009",
  "source_url": "https://finance.yahoo.com/technology/ai/articles/volta-launches-5b-leveraged-loan-142910544.html",
  "source_published_on": "2026-10-09",
  "source_author": "Alvaro Ledgard",
  "source_kind": "original_reporting_syndicated_by_yahoo",
  "full_article_reviewed_in_browser": true,
  "status": "reported_marketing_not_final_or_funded",
  "reported": {
    "borrower": "Volta Tydal Holdings S.à r.l.",
    "package_face_usd": 5012000000,
    "tranches": [
      {"label": "first-lien term loan C", "face_usd": 1300000000, "purpose_explicitly_assigned_to_this_label_in_source": null},
      {"label": "GPU term loan", "face_usd": 3712000000}
    ],
    "package_uses": ["data-center-lease letter-of-credit cash collateral", "GPU capital expenditures"],
    "nominal_term_years": 6,
    "weighted_average_life_years": 3.1,
    "full_principal_repayment_by_years_after_funding": 5.5,
    "margin_bp_range_both_tranches": [625, 650],
    "benchmark_label_verbatim": "S",
    "benchmark_floor_percent": 0,
    "oid_price_percent_of_par_range": [97, 98],
    "indicated_yield_to_maturity_percent_range": [11.21, 11.75],
    "ticking_fee_fraction_of_drawn_spread": 0.45,
    "ticking_fee_holiday_days": 60,
    "pricing_step_downs_expected_not_announced": true,
    "call_terms_as_reported": {
      "non_call_years": [1, 2],
      "year_3_price_percent_of_par": 102,
      "year_4_price_percent_of_par": 100
    },
    "commitment_deadline_date": "2026-10-14",
    "commitment_deadline_local_time": "17:00",
    "commitment_deadline_zone": "America/New_York",
    "commitment_deadline_is_closing_or_funding_date": false
  },
  "cross_report_inference": {
    "earlier_source_id": "BLOOMBERG-LOAN-MARKETING",
    "earlier_lc_collateral_loan_usd": 1300000000,
    "same_sized_term_loan_c_correspondence": "plausible_cross_report_mapping_not_contractually_verified",
    "earlier_approximate_package_usd": 5000000000,
    "difference_is_verified_incremental_funding": false,
    "earlier_approximate_yield_percent": 11,
    "later_range_proves_yield_increase": false
  },
  "unresolved": {
    "executed_loan_documents_obtained": false,
    "final_pricing": null,
    "benchmark_tenor_and_definition": null,
    "dated_amortization_schedule": null,
    "step_down_amounts_and_triggers": null,
    "call_term_start_exceptions_and_mandatory_prepayment_interaction": null,
    "ticking_fee_payer_base_accrual_and_exceptions": null,
    "oid_economic_bearer": null,
    "first_funding_date": null,
    "actual_funded_cash_usd": null,
    "actual_lc_collateral_placed_usd": null,
    "actual_lease_credit_support_issued_usd": null
  },
  "interpretation_limits": {
    "weighted_average_life_is_duration": false,
    "equal_principal_installments_assumed": false,
    "customer_acceptance_assumed_as_step_down_trigger": false,
    "lease_support_milestones_are_complete_loan_draw_conditions": false,
    "no_public_update_proves_transaction_failed": false,
    "reported_yield_is_verified_borrower_all_in_cost": false
  }
}