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...

By Jeannine Amodeo, Reshmi Basu · Bloomberg Markets

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.