Cost of debt down ~300 bps, ~$1.1B annual interest savings
Company: CoreWeave
The claim, verbatim
Weighted average cost of debt fell almost 300 basis points over the past year, which management values at about $1.1 billion of annualized interest savings.
Source (primary)
CoreWeave’s Debt Service is The True Neocloud Litmus Test - Yahoo Finance (-, news_article)
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Quote: “Its weighted average cost of debt fell almost 300 basis points over the past year, which management values at about $1.1 billion of annualized interest savings”
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Additional evidence
confirms CoreWeave’s Debt Service is The True Neocloud Litmus Test - Yahoo Finance
Quote: “Its weighted average cost of debt fell almost 300 basis points over the past year, which management values at about $1.1 billion of annualized interest savings”