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1033 CoreWeave to Raise $8.5 Billion in Chip-Backed Debt

The Information
Miles Kruppa @ The Information · 02/24/2026 21:13 EDT

CoreWeave to Raise $8.5 Billion in Chip-Backed Debt

CoreWeave is nearing a deal to raise $8.5 billion in debt backed by its AI chips and contracts from Meta Platforms to purchase cloud services, said a person with knowledge of the deal. The cloud company expects to pay an interest rate of about 6% for the debt, which it expects will receive an A- ...

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