By Abhinav Ramnarayan | Updated on Jun 09, 2026 at 12:00 PM
CoreWeave Inc. is to hold calls with European high-yield investors on Tuesday as the AI infrastructure provider considers financing transactions that may include dollar and euro bonds.
The company, which leases AI data center capacity to clients such as OpenAI and Meta Platforms Inc., has appointed JP Morgan Chase & Co to arrange the calls, according to a person familiar with the matter who asked not to be identified.
Founded in 2017 as a crypto miner, CoreWeave amassed a trove of Nvidia Corp. graphics processing units in its early days. Today, it operates nearly 50 data centers across North America and Europe.
Read More: CoreWeave Founders Have Dumped $2.3 Billion in Stock Since IPO ·
AI-related debt issuance has ramped up recently, with hyperscalers tapping all corners of the world’s debt capital markets to raise hundreds of billions of dollars. Amazon.com Inc. completed a record Canadian dollar bond sale this week.
So far, however, much of the euro debt has been investment grade and European high-yield investors have had little AI-related exposure to choose from. Norwegian data center operator PolarDC’s €800 million ($925 million) high-yield bond sale last month was a rare example.
Read More: $300 Billion AI Debt Binge Spreads From Wall Street to Tokyo
CoreWeave is rated Ba3 by Moody’s Ratings, B+ by S&P Global Ratings and BB- by Fitch Ratings. It has a number of dollar-denominated bonds outstanding, but is yet to issue high-yield notes in euros.
Debt distribution: CRWV US Equity DDIS
Capital structure: CRWV US Equity CAST
Related securities: CRWV US Equity RELS
Ratings history: CRWV US Equity CRPR
This story was produced with the assistance of Bloomberg Automation