CoreWeave (CRWV) is leaning into delayed-draw term loans; a form of more risk-averse borrowing, reports FT
Newsquawk Staff ·
- "This is a kind of project finance repaid using funds from specific, multiyear contracts with big customers, say an AI lab or a big company. Whatever is left after servicing those debts flows to CoreWeave’s unsecured lenders, and then eventually to its equity."
Sources
- Daily US Equity Opening News - NVDA board considers CEO ouster after fresh affair allegations; Hon Hai Q3 net profit beat; CRWV slides on USD 4bln financing report; CTVA down on guidance cut; PFE & BX agree USD 1.5bln obesity co-funding
- US Senator Warren's office says the Trump administration must keep all documents and communications related to NVIDIA's (NVDA) exports of advanced AI chips to China
- US President Trump on Thursday authorised a crackdown on companies suspected of diverting Nvidia's (NVDA) advanced AI chips to China, reports Axios citing sources
- United Airlines (UAL) bans AI bots from booking flights, reports WSJ
- ByteDance reportedly readies a Meta (META) Muse-style AI agent, Bloomberg reports
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