CoreWeave Kicks Off $1.5 Billion Bond Sale to Refinance Debt

CoreWeave Inc., a provider of artificial intelligence computing power, is offering $1.5 billion of senior notes that will be used in part to refinance debt.

Initial price talk for the junk bond is for a yield in the low-9% range, according to a person familiar with the matter. JPMorgan Chase & Co. is leading the deal, which is expected to price on Tuesday, said the person, who was not authorized to speak publicly.