CoreWeave’s weighted average cost of debt fell to 7.9% by the end of the third quarter, a 250-basis-point decrease compared with the previous year. The company said it was avoiding the unsecured debt market because of current yields and did not need that type of financing. Its total debt reached approximately $46.9 billion as of September 30, 2026, amid significant debt-funded expansion. CoreWeave is relying on secured loans and convertible bonds, while the market is pricing in a reduced likelihood of the company defaulting by December 31, 2027.
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