CoreWeave’s 2032 Bond Yield Reaches 14.8%, Signaling Costlier New Debt

CoreWeave’s 2032 unsecured bond yielded about 14.8% on Oct. 14, signaling that investors are demanding more compensation for its credit and that new borrowing may cost more. The bond’s 9.625% coupon is below its current yield. That yield does not immediately reset interest payments on existing fixed-rate debt, but it signals a potentially higher cost for future unsecured borrowing. CoreWeave shares fell about 16% on Oct. 14 as concern about its financing needs grew. In the second quarter, CoreWeave generated $679 million in operating cash flow and recorded $9.4 billion in adjusted capital spending.

Source: TokenPost