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Artificial intelligence computing power provider CoreWeave Inc. plans to raise at least $4 billion in capital through an investment-grade loan. Previously, it had raised its annual revenue outlook, thereby easing investors' concerns about its high-debt business model. According to people familiar with the matter, Morgan Stanley and Mitsubishi UFJ Financial Group are taking the lead in arranging this potential financing, and the latter will distribute syndicated sales to investors in stages. The deal is likely to hit the market as early as next week, but the relevant plans have not yet been finalized and are still subject to change. As public comment was not authorized, people familiar with the matter requested anonymity.
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Artificial intelligence computing power provider CoreWeave Inc. plans to raise at least $4 billion in capital through an investment-grade loan. Previously, it had raised its annual revenue outlook, thereby easing investors' concerns about its high-debt business model. According to people familiar with the matter, Morgan Stanley and Mitsubishi UFJ Financial Group are taking the lead in arranging this potential financing, and the latter will distribute syndicated sales to investors in stages. The deal is likely to hit the market as early as next week, but the relevant plans have not yet been finalized and are still subject to change. As public comment was not authorized, people familiar with the matter requested anonymity.
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