CoreWeave Inc. (NASDAQ:CRWV) is engaging with European high-yield investors as it considers new financing options that could include both U.S. dollar- and euro-denominated bond offerings, according to a Bloomberg report published on Tuesday.
The report, citing sources familiar with the matter, said the AI infrastructure company has appointed JP Morgan Chase & Co. to organize investor calls taking place on Tuesday
CoreWeave provides AI-focused data center capacity to major customers including OpenAI and Meta Platforms Inc. The potential debt issuance comes amid a broader surge in AI-related fundraising activity, with hyperscale technology companies increasingly tapping global debt markets to secure financing for large-scale infrastructure investments. Earlier this week, Amazon.com Inc. completed a record-breaking bond sale in the Canadian dollar market.
For European high-yield investors, opportunities to gain exposure to the artificial intelligence infrastructure sector remain relatively limited. One recent example was Norwegian data center operator PolarDC, which raised €800 million ($925 million) through a high-yield bond offering last month. CoreWeave currently holds credit ratings of Ba3 from Moody’s Ratings, B+ from S&P Global Ratings and BB- from Fitch Ratings.