JPMorgan Shops 15% Yield Debt for Oil Driller Boosted by Trump

JPMorgan Chase & Co. is in talks with investors to refinance a nearly $1 billion loan at a 15% interest rate for Sable Offshore Corp., a Trump administration-supported oil driller,...

By Nathan Risser, Reshmi Basu · Bloomberg Markets

JPMorgan Chase & Co. is in talks with investors to refinance a nearly $1 billion loan at a 15% interest rate for Sable Offshore Corp., a Trump administration-supported oil driller, according to people familiar with the matter.