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Wall Street Snubs Qualtrics Debt Over AI Disruption Risks
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Europe SaysWall Street Snubs Qualtrics Debt Over AI Disruption Risks
JPMorgan and other banks stopped a $5.3 billion debt deal for software firm Qualtrics International after investors in the leveraged loan and junk bond markets declined to participate, Bloomberg reported Tuesday (March 17). The report attributed the halt of the deal, which was in early discussions, to investors’ concerns about software companies that may be vulnerable to artificial intelligence disruption. Qualtrics’ existing loan, a $…
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