A Nevada data center project tied to Nvidia Corp. has raised $4.59 billion from a junk-bond sale, adding to a wave of deals to fund artificial intelligence infrastructure.
Firms swarmed the US primary markets with new debt sales on Monday, seizing a window to lock in borrowing costs ahead of a raft of earnings and central bank decisions, even as uncertainty in the Middle East lingers.
A data center developer is seeking $4.54 billion in junk-debt financing for an artificial intelligence project tied to Nvidia Corp., testing investor appetite after a recent surge in offerings.
Attendees on the exhibition floor during the Nvidia GTC conference in San Jose, California on March 18.
As a more than $20 billion borrowing frenzy to build out data centers descended on the junk-bond market this year, some issuers offered up a rare sweetener: an early cash payback.
A data center under construction in Massillon, Ohio.
Core Scientific Inc. is looking to raise $3.3 billion from a junk-bond sale, joining a wave of high-yield issuers tapping debt markets to fund artificial intelligence infrastructure.
The logo of Core Scientific, Inc. (NASDAQ: CORZ), an American digital infrastructure and blockchain technology company specializing in cryptocurrency mining and data center hosting services, is arranged in front of a screen showing the company's latest stock market chart on Feb. 15, 2026 in Qianjiang, Hubei Province, China. Photographer: Cheng Xin/Getty Images
The Brazilian conglomerate controlled by the billionaire Batista brothers tapped the US junk-debt market for a debut offering in a push to refinance debt.
Wesley Batista, from left, Jose Batista Sobrinho, Flora Mendonca Batista, and Joesley Batista on the floor at the New York Stock Exchange on June 25.
CoreWeave Inc. tapped the US junk-bond market for a second time in a week as the cloud infrastructure firm seizes on strong investor demand for AI-related debt.
There’s no stopping the artificial intelligence financing boom, with a record deal involving Google-backed data centers and an add-on sale by cloud infrastructure firm CoreWeave Inc. raising a combined $6.7 billion in new junk debt.
Signage on the exterior of the Google campus on Brandschenkestrasse in Zurich, Switzerland, on Tuesday, Sept. 19, 2023. With demand in the Swiss financial hub stoked in part by a Google hiring spree, apartments in the central Zurich district are being listed at near record levels of more than €18,000 ($19,000) per square meter, more than double London.
Sotheby’s is seizing a window of opportunity to refinance debt due next year, before any disruptions from the US-Iran negotiations can derail capital-raising efforts.
Chobani sold an $800 million junk bond Thursday as the yogurt maker redeems debt due in 2029.
Chobani LLC brand greek yogurt is displayed for sale inside an Albertsons Cos. Vons grocery store in San Diego, California, U.S. on Monday, June 22, 2020. Existing shareholders of Albertsons Cos., including Cerberus Capital Management, are seeking as much as $1.3 billion in its U.S. initial public offering, as grocery remains of the the few businesses to get a boost from the pandemic. Photographer: Bing Guan/Bloomberg
Banks led by JPMorgan Chase & Co. changed the terms of their $7.2 billion debt offering to fund the buyout of Sealed Air Corp., in a bid to break a stalemate with investors who have balked at some of the deal’s provisions.
Banks led by JPMorgan Chase & Co. have sweetened the pricing for a $7.2 billion debt deal to fund Clayton, Dubilier & Rice’s takeover of Bubble Wrap maker Sealed Air Corp. amid investor pushback.
Signage stands outside JP Morgan Chase & Co. headquarters in New York.
Banks led by JPMorgan Chase & Co. boosted a junk loan to support the purchase of Janus Henderson Group Plc by Nelson Peltz’s Trian Fund Management and General Catalyst to $2.6 billion after scrapping a planned bond sale amid volatile markets.
The website of asset management company Janus Henderson Group Plc arranged in front of the company’s logo. Photographer: Timon Schneider/SOPA Images/AP
Wall Street banks started the week with nearly $30 billion of buyout junk debt to offload amid the most volatile markets in months. They are now done with the bulk of it.
The Tegna Inc. headquarters stands in McLean, Virginia, U.S., on Friday, July 24, 2015. Formerly Gannett Co. Inc. before a June 29 spinoff, Tegna Inc.'s broadcasting and digital business includes 46 television stations and websites including Cars.com and CareerBuilder.com.
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