← Board·Financial disclosure·importance 3/5 (editorial)
Report: CoreWeave-leased Virginia data center sells $1.1B of junk bonds at 9.25%
- Current status
- Reported
- Companies
- CoreWeave, Blue Owl (counterparty)
- Happened
- ~Sep 23, 3:50 PM PT
- Last updated
- Sep 24, 9:53 AM PT (revision 1)
- Evidence
- 1 report · 1 independent chain (adjudicated)
What happened
A Blue Owl-affiliated developer priced $1.1B of five-year bonds at 98.5 cents to yield 9.25%, to fund a 76 MW site on a 15-year CoreWeave lease.
Why it matters
A near-double-digit yield on CoreWeave-backed paper is a live reading of what credit markets charge for neocloud lease risk. That matters for CoreWeave, Crusoe, Lambda and Nebius financing.
Evidence and provenance
- First reportchain: bloombergCoreWeave-tied data center raises $1.1 billion in junk bondsBloomberg · Gowri Gurumurthy · published ~Sep 23, 3:50 PM PT · paywall · bloomberg.com · rev 1