CoreWeave reportedly looks to raise $1.5B in debt as IPO disappoints

Data center operator CoreWeave is reportedly looking for a debt agreement of $ 1.5 billion after a disappointing IPO.

According to the Financial TimesCoreWeave will hold a roadshow this week with bankers at JPMorgan for debt options. The managers of the company intend to use the meetings to gauge the importance of investors.

CoreWeave, based in New Jersey, mentioned his shares in March, initially aimed at a fundraising of $ 2.7 billion. The company was forced to reduce that total to $ 1.5 billion after the concern of investors about its large debt burden and a weakening market for AI infrastructure.

CoreWeave, with customers, including Microsoft, has collected $ 12.9 billion in debts over the past two years to build data centers. From December 2024, the company had around $ 8 billion in total debt on its balance sheet and is confronted with debts and interest payments of $ 7.5 billion by the end of 2026, by the end of 2026, The previously reported Financial Times.

WAN has contacted CoreWeave for comments.