CoreWeave Seeks $3.55 Billion in Global Debt for AI Expansion

GuruFocus
2026.06.11 18:43
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CoreWeave is raising $3.55 billion via global debt markets, including its first euro-denominated junk bonds from a US AI infrastructure firm, to fund AI expansion. Led by JPMorgan Chase, the offering targets yields of 8.5%-8.75% for euros and ~9.75% for dollars. Strong investor demand in Europe suggests appetite for riskier AI credit, despite CoreWeave's speculative-grade ratings and significant cash burn projections.