CoreWeave-Tied Data Center’s Junk Bond Sale Seeks $850 Million

Elk Grove Village Property LLC is looking to raise $850 million from a junk-bond sale to help fund a data center tied to CoreWeave Inc., joining a wave of high-yield...

By Gowri Gurumurthy · Bloomberg Markets

Elk Grove Village Property LLC is looking to raise $850 million from a junk-bond sale to help fund a data center tied to CoreWeave Inc., joining a wave of high-yield issuers tapping debt markets to fund artificial intelligence infrastructure.