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JPMorgan Struggles to Find Demand for Oil Driller’s 15% Loan

JPMorgan Struggles to Find Demand for Oil Driller’s 15% Loan
Bloomberg Markets Monday 29 June 2026, 17:57 UTC By Jeannine Amodeo, Reshmi Basu 1 min read
Key Points

JPMorgan Struggles to Find Demand for Oil Driller’s 15% Loan JPMorgan Chase & Co. has struggled to attract investor demand for a $775 million loan to a Trump administration-supported oil driller that would pay a hefty 15% interest rate, according to people familiar with the matter. The Sable Offshore Corp. offering was still in the market on Monday, though investment commitments had been due on Friday, the people said, asking not to be identified because they aren’t authorized to speak publicly.

JPMorgan Struggles to Find Demand for Oil Driller’s 15% Loan JPMorgan Chase & Co. has struggled to attract investor demand for a $775 million loan to a Trump administration-supported oil driller that would pay a hefty 15% interest rate, according to people familiar with the matter. The Sable Offshore Corp. offering was still in the market on Monday, though investment commitments had been due on Friday, the people said, asking not to be identified because they aren’t authorized to speak publicly. [Image text:] JorganChase
JPMorgan (ORG) Find Demand for Oil Driller’s (ORG) JPMorgan Chase & Co. (ORG) Trump (ORG) The Sable Offshore Corp. (ORG)
Originally published by Bloomberg Markets Read original →

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