CoreWeave $CRWV plans to raise at least $4B through an investment-grade loan, Bloomberg reports.
Morgan Stanley & MUFG are leading the proposed deal, expected to be backed by GPUs & customer contracts.
Pricing is seen at 7%-7.5%, about half the yield on its junk bonds. It could launch next week.
CoreWeave jumped more than 20% igniting a rally in battered AI cloud stocks, as its hefty spending yielded strong revenue growth and the company signaled a pullback from the borrowing binge that had set off alarms of an AI bubble. READ:
CoreWeave jumped more than 20% igniting a rally in battered AI cloud stocks, as its hefty spending yielded strong revenue growth and the company signaled a pullback from the borrowing binge that had set off alarms of an AI bubble