Credit investors' core concern is getting repaid, not whether the debtor achieves high margins; therefore credit investors should focus on whether the AI capex will generate sufficient cash flow and returns to service debt, not whether it will be profitable.
normativepending
Speaker
Jeffrey ShermanEvidence Quote
“We think about getting our money back. We're not worried about your margin. We're worried about you paying us.”
Created: 8/12/2026, 10:36:49 PM
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