02:57 PM EDT, 08/08/2024 (MT Newswires) -- JPMorgan Chase ( JPM ) reached out to prospective buyers last week to broker direct loans including one to Pluralsight, Bloomberg reported Thursday, citing people with knowledge of the matter.

The bank has priced much of the loans originated by private credit firms in the mid-to-high 90 cents on the dollar, one of the sources told Bloomberg.

Some current holders of Pluralsight's debt valued it at 50 cents on the dollar, the report added, citing regulatory filings. The tech learning platform is currently undergoing a restructuring process.

JPMorgan ( JPM ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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