Janus Henderson Manager Holds CoreWeave Debt as Yield Hits 15.97%

Janus Henderson’s global head of multi-sector and corporate credit, John Lloyd, is standing by CoreWeave debt after a selloff pushed its 9.75% notes due in 2031 to a 15.97% yield on Oct. 20. “It’s a little bit of overreacting,” Lloyd said. He expects demand for AI computing to remain strong and sees ways for CoreWeave to fund further data-center expansion. His financing examples include borrowing against graphics processing units (GPUs) or customer rental contracts, and seeking larger advance payments from customers. Lloyd described these as possible funding routes. The Janus Henderson Multi-Sector Income Fund’s public holdings snapshot dated Aug.

Source: TokenPost