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CoreWeave's June 2030 notes rose 5.7 cents to 91.3 cents on the dollar and its October 2031 notes climbed 3.3 cents to 82.8 cents on Thursday, paring losses from a credit rout that pushed yields on its unsecured debt to 15%.
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Key sources
- SOURCE@deitaone“The October 2031 bonds jumped 3.3 cents to 82.8 cents on the dollar, while the June 2030 bonds surged 5.7 cents to 91.3 cents.”x.com
- SOURCE@briansozzi“When you are building a new type of technology company there will be periods of time when the market misunderstands and acts irrationally.”x.com
- SUPPORT@carlquintanilla“By 2030, Gartner predicts that cost pressure and a lack of a differentiating business model will force over 80% of neocloud providers to cease independent operations.”x.com
- SUPPORT@junkbondinvest“CoreWeave’s unsecured notes are officially 1,000bps STW, now yielding ~15%.”x.com
- SUPPORT@edzitron“CoreWeave’s unsecured notes are officially 1,000bps STW, now yielding ~15%.”x.com
- SUPPORT@zerohedge“Coreweave unsecureds tag 1000 g-sprd bps for the first time ever.”x.com
- SUPPORT@carlquintanilla“A record # of puts traded today in $CRWV.”x.com
- SUPPORT@hedgiemarkets“Co-founder Brannin McBee told the FT the company wants more of its chip-backed loans rated investment grade so it can borrow from insurance companies, whose money he called effectively unlimited.”x.com