Aim to reach investment-grade debt to borrow from insurers
Company: CoreWeave
The claim, verbatim
CoreWeave cofounder Brannin McBee told the Financial Times the company wants its debt to be investment-grade rather than junk so that it can borrow from insurers, whose capital he described as 'unlimited.'
Source (primary)
CoreWeave’s debt is becoming the whole AI industry’s problem - The Verge (-, news_article)
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Quote: “the company wants to have its debt be investment-grade, rather than junk, so that it can borrow from insurers, as their capital is, in his words, “unlimited.””
How we checked this
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Additional evidence
confirms CoreWeave’s debt is becoming the whole AI industry’s problem - The Verge
Quote: “the company wants to have its debt be investment-grade, rather than junk, so that it can borrow from insurers, as their capital is, in his words, “unlimited.””