CoreWeave secured $2 billion through the US junk bond market to bolster its capital following a rocky IPO in March, which raised only $1.5 billion instead of the intended $2.7 billion. Investor demand for the new bonds, which mature in 2030 with a 9.25% interest rate, was robust, allowing the company to raise $500 million more than planned despite concerns over its reliance on Nvidia and Microsoft. This debt issuance reflects a rebound in the market and a strong appetite for high-yield debt amid ongoing economic uncertainties due to global trade tensions.
Loading PerspectiveSplit analysis...
