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CoreWeave bonds slip into distressed territory

Original: CoreWeave had a bad week last week. Its bonds slipped into distressed territory by a common definition - when investors

CoreWeave's bonds fell into distressed territory last week, with investors demanding roughly 1,000 basis points more in yield than comparable government bonds. Venture investor Chamath Palihapitiya publicly flagged the distressed debt on Tuesday, drawing wider attention to the AI cloud computing company's credit troubles and raising questions about confidence in its debt.

Why now: Investors are reacting to signs of financial stress at a high-profile AI company after a prominent investor highlighted its distressed bonds.

CoreWeaveChamath Palihapitiya

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Evidence

• CoreWeave had a bad week last week. Its bonds slipped into distressed territory by a common definition - when investors demand 1,000 basis points more in yield than they'd get from government bonds. Last Tuesady Chamath "SPAC King" Palihapitiya noticed the distressed debt, and… · verge@www.urbanmind.net · 6

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