CoreWeave's (CRWV) yield on its 9.625% senior unsecured notes due 2032 has climbed to over 15.5% midday on Wednesday from 13.36% at the start of the month, according to the Trace bond pricing information service.
The bond is trading at $78, down from around $85 at the start of the month.
The 15% figure is widely considered the threshold for distressed debt, according to a Bloomberg report.
CoreWeave did not immediately reply to a request for comment from MT Newswires.
Price: 65.28, Change: -12.53, Percent Change: -16.10
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