CoreWeave hikes bond sale to $1.75B as debt strategy deepens

CoreWeave has increased its senior notes offering to $1.75 billion just a day after announcing a $1.5 billion raise. The 2031-due bonds carry a 9% rate, with proceeds earmarked for corporate expenses and debt repayment. This move follows a $2 billion debt raise in May and underscores the cloud firm’s push to manage costs after amassing over $21 billion in debt since its IPO.