Chainfir Capital warns CoreWeave bond distress exposes risks in debt — funded AI growth
Chainfir Capital's analysis flagged AI infrastructure financing risks, citing CoreWeave's roughly 7.0x gross EBITDA leverage excluding leases for fiscal 2025. CoreWeave default insurance costs exceeded 1,000 basis points, a record high, versus about 547 basis points at the end of June. Its unsecured notes due 2031 and