CoreWeave is planning to raise a new multi-billion dollar, chip-backed debt financing deal to address market concerns about the high cost of corporate debt and continue to fund the expansion of its massive AI computing power infrastructure. The chip-secured loan is expected to cost around 7% to 7.5% at interest rates. This is more than half lower than CoreWeave's recent yield of 15% or more on unsecured “junk” debt in the open bond market.

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