CoreWeave borrowed $2bn through the US junk bond market on Wednesday, injecting fresh capital into the artificial intelligence data centre operator after its volatile Wall Street debut in March.
Lenders shrugged off concerns about CoreWeave’s outlook and economic fallout from the global tariff war, with strong investor orders allowing its bankers to increase the size of the offering and secure it at better terms than initially expected, people briefed on the matter said.
Executives characterised investor demand for its debt as “robust”, which prompted CoreWeave to raise $500mn more than planned. The new bonds mature in 2030 and will carry an interest rate of 9.25 per cent.