CoreWeave’s New Junk Bond Jumps Amid Meta, Anthropic Deals

CoreWeave Inc.’s $1.75 billion junk bond has rallied amid increased optimism about the cloud-infrastructure firm thanks to deals with some major technology companies.

The 9.75% note rose to 101.88 cents on the dollar as of 9:05 a.m. in New York, according to Trace data. It was issued at 100 cents on Thursday and closed in the secondary market at 101.5 cents. The bond was increased in size during syndication from an originally planned $1.25 billion.