TECH NEWS
CoreWeave’s borrowing costs just fell from 10% to 7%. The AI data centre debt market is repricing risk in real time.
TL;DR Applied Digital raised $1.59 billion in junk bonds at 7% yield for a CoreWeave data centre, down from 10% six months ago. CoreWeave’s credit default swap spreads fell 49% from their December peak. An Applied Digital subsidiary raised $1.59 billion in the high-yield bond market