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JPMorgan-Led Group Plan Sale of Qualtrics’ Hung Debt at Year End

A group of banks led by JPMorgan Chase & Co. is planning to offload about $5.3 billion in financing for software firm Qualtrics International Inc. later this year in a bid to shift the hung debt off their books.

Signage in front of Qualtrics International Inc. headquarters in Provo, Utah, U.S., on Monday, Jan. 11, 2021. Qualtrics International Inc. filed for what could be one of the first U.S. initial public offerings of 2021, just over two years after it was acquired by German software giant SAP SE.
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