TechnologyCoreWeave-tied data center reportedly raised $1.1B in junk bonds
Techmeme, citing Bloomberg, says the bonds yielded 9.25%—about 2.7 percentage points above similarly rated debt.
TLDR
A CoreWeave-tied data center raised $1.1 billion in junk bonds, according to a source cited by Bloomberg in a report shared by Techmeme. The bonds were priced at 98.5 cents on the dollar to yield 9.25%—about 2.7 percentage points above similarly rated debt.
CoreWeave-tied data center reportedly raised $1.1B in junk bonds
Techmeme, citing Bloomberg, says the bonds yielded 9.25%—about 2.7 percentage points above similarly rated debt.
TLDR
A CoreWeave-tied data center raised $1.1 billion in junk bonds, according to a source cited by Bloomberg in a report shared by Techmeme. The bonds were priced at 98.5 cents on the dollar to yield 9.25%—about 2.7 percentage points above similarly rated debt.