Weighted Average Cost of Debt Reduction
Company: CoreWeave
The claim, verbatim
Over the past year, CoreWeave reduced its weighted average cost of debt by approximately 300 basis points, representing approximately $1.1 billion in annualized interest savings
Source (primary)
CoreWeave's Interest Expense Hit $640 Million Last Quarter, 2.4 Times What It Was a Year Ago - The Globe and Mail (-, news_article)
View cached copy (2026-09-02)Live source ↗Archive.org ↗
Quote: “Over the past year, we have reduced our weighted average cost of debt by almost 300 basis points, representing approximately $1.1 billion of annualized interest saving based on our end of Q2 debt load”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The article quotes CoreWeave's CFO on both the rate reduction and the $1.1 billion annualized saving.
Confirmed in the source:
- CoreWeave reduced its weighted average cost of debt by almost 300 basis points over the past year
- That reduction represents approximately $1.1 billion of annualized interest savings based on CoreWeave's end-of-Q2 debt load
- The statement was made by CFO Nitin Agrawal on the second-quarter earnings call
What we did: Read our cached copy of the publisher (https://www.theglobeandmail.com/investing/markets/stocks/CRWV-Q/pressreleases/4390051/coreweave-s-interest-expense-hit-640-million-last-quarter-2-4-times-what-it-was-a-year-ago/) in full (9,525 characters, retrieved September 2, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms CoreWeave's Interest Expense Hit $640 Million Last Quarter, 2.4 Times What It Was a Year Ago - The Globe and Mail
Quote: “Over the past year, we have reduced our weighted average cost of debt by almost 300 basis points, representing approximately $1.1 billion of annualized interest saving based on our end of Q2 debt load”