<ul><li>CoreWeave Inc. is reportedly seeking $1.5 billion in debt financing through high-yield bonds, led by JPMorgan Chase & Co., following its lackluster IPO in late March.</li><li>The company, known for its cloud platform optimized for AI workloads, launched in 2017 focusing on cryptocurrency mining before transitioning to AI operations with a network of 32 AI-optimized data centers.</li><li>CoreWeave has incurred significant debt to build its AI infrastructure, with $12.9 billion borrowed in two years. The company might refinance some loans with the latest debt raise, aiming to address its $8 billion loan balance and $7.5 billion interest payments through 2026.</li><li>CoreWeave's fundraising efforts come shortly after its Nasdaq debut where it raised $1.5 billion, below its initial target. The company, with customers like Microsoft, Meta Platforms, and OpenAI, plans to expand its data center network, increase focus on international markets, and offer more software products to cloud customers.</li></ul>

Weeks after IPO, CoreWeave reportedly seeking $1.5B in debt financing

Discover more