Weighted Average Cost of Debt Reduction
Company: CoreWeave
The claim, verbatim
Over the past year, CoreWeave reduced its weighted average cost of debt by almost 300 basis points, representing approximately $1.1 billion of annualized interest savings.
Source (primary)
CoreWeave's Interest Expense Hit $640 Million Last Quarter, 2.4 Times What It Was a Year Ago - The Motley Fool (-, news_article)
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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
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Additional evidence
confirms CoreWeave's Interest Expense Hit $640 Million Last Quarter, 2.4 Times What It Was a Year Ago - The Motley Fool
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”