CoreWeave plans to raise at least $4B through an investment-grade loan, Bloomberg reported on Nov 11. Morgan Stanley and MUFG are leading the proposed deal, expected to be backed by GPUs and customer contracts. Pricing is discussed around 7 to 7.5%, about half the yield on its junk bonds, with a launch possible next week, per Bloomberg and Investing.com, according to @wallstengine.

CoreWeave plans to raise at least $4B through an investment-grade loan, Bloomberg reported on Nov 11. Morgan Stanley and MUFG are leading the proposed deal, expected to be backed by GPUs and customer contracts. Pricing is discussed around 7 to 7.5%, about half the yield on its junk bonds, with a launch possible next week, per Bloomberg and Investing.com, according to @wallstengine.

@wallstengine summarized the same Bloomberg report with the $4B size, bank leads, collateral, pricing and timing.

The report followed a strong Q3 print on Nov 11, with revenue up about 168% and raised full-year guidance, which had the stock sharply higher, per Yahoo Finance.