CoreWeave mulling euro bond sale to European investors

Investing.com -- CoreWeave Inc. is holding calls with European high-yield investors on Tuesday as the AI infrastructure provider evaluates financing transactions that may include dollar and euro bonds, Bloomberg reported Tuesday.

The company appointed JP Morgan Chase & Co to arrange the calls, the report said citing people familiar with the matter. CoreWeave leases AI data center capacity to clients including OpenAI and Meta Platforms Inc.

AI-related debt issuance has increased recently, with hyperscalers accessing global debt capital markets to raise hundreds of billions of dollars. Amazon.com Inc. completed a record Canadian dollar bond sale this week.

European high-yield investors have had limited AI-related exposure options. Norwegian data center operator PolarDC's €800 million ($925 million) high-yield bond sale last month was a rare example in the sector.

CoreWeave is rated Ba3 by Moody's Ratings, B+ by S&P Global Ratings and BB- by Fitch Ratings. The company has several dollar-denominated bonds outstanding but has not yet issued high-yield notes in euros.

CoreWeave has raised over $20 billion in capital so far in 2026. The total includes an $8.5 billion non-recourse investment-grade delayed draw term loan facility, a $2 billion Class A common stock investment from NVIDIA, and a $3.1 billion GPU-backed loan facility tied to two major customer contracts. The $3.1 billion deal was oversubscribed.

Founded in 2017 as a crypto miner, CoreWeave accumulated Nvidia Corp. graphics processing units in its early days. The company now operates nearly 50 data centers across North America and Europe.

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