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Add as a preferred source on GoogleCoreWeave’s Average Debt Cost Fell to 7.9% in Third Quarter
Total debt stood at about $46.9 billion on Sept. 30. The average cost figure differs from the market yield on one unsecured bond, which reached 14.8% in October.
CoreWeave’s weighted average cost of debt was 7.9% at the end of the third quarter, down 250 basis points from a year earlier, while its total debt stood at about $46.9 billion on Sept. 30.
That average differs from the market yield on an individual bond. CoreWeave’s 2032 unsecured notes yielded about 14.8% on Oct. 14, compared with a fixed coupon of 9.625%. The market yield reflects secondary-market trading and does not reset the 2032 notes’ fixed coupon.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.