CoreWeave Improves Terms on $2.6 Billion Loan; Spread Widens

1. 1Bloomberg reported that CoreWeave (CRWV) improved the terms on its $2.6 billion loan for computing expansion, including for Anthropic.
2. 2The spread widens by up to 1.25 percentage points to 5.5 percentage points over the benchmark, and the discount price is lowered from 99 cents to 97 cents.
3. 3As the company projects spending more than $34 billion on AI infrastructure this year, junk-bond fundraising continues, with the cost of five-year default insurance rising more than 50% this month.

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