Follow-up to CoreWeave 2032 bond yield tops 16%
CoreWeave default insurance cost up 50% in a month
Insuring CoreWeave (CRWV) debt against default costs 50% more than it did a month ago, and yields on some of its bonds are above 16%. CEO Mike Intrator said he expects no hit to customer commitments from political shifts. A Morningstar analyst says bankruptcy is unlikely soon, but the company will need more capital to grow.
Sources
CoreWeave bond yields top 16% before earnings
The whole story · updated
CN
CNBC
· 6d ago
CoreWeave confronts 'doom cycle' narrative as neocloud credit risk overshadows growth