CoreWeave bonds fall below 85 cents as interest bill of $640M tops quarterly losses
rohanpaul_ai · x · 2026-10-15
Bloomberg reports CoreWeave's unsecured 2032 bonds fell below 85 cents on the dollar — a typical distress signal — with yields near 15% amid concern over the AI borrowing binge.
- The notes are $1.25B of 9.625% senior debt sold in June, marked down sharply just 4 months after issuance
- Shares fell as much as 17%, though still 60%+ above the March 2025 IPO price
- Q2 net loss was $626M while net interest expense hit $640M — financing costs now exceed losses
The selloff is spreading: Oracle bonds weakened and AI-linked stocks from Nebius to Dell fell as investors question how much debt sits beneath the AI buildout.
Related event: CoreWeave bonds yield 15.1% as AI compute debt selloff deepens(15 posts)→
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