Global marketsUpdated November 13

CoreWeave seeks a $4 billion loan backed by Meta contracts.

After its unsecured bonds were hit earlier this fall, CoreWeave said it would offer collateral for future credit. Now it is seeking a $4 billion loan backed by contracts with Meta. The proposed loan received a warm reception in early marketing, according to a person familiar with the matter. CoreWeave is aiming for an all-in interest rate around 7.5%; Semafor says that is far below the nearly 16% yields its unsecured bonds have hit.

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Coverage started November 13