@CORZ· Company· 1d
Yeah, I mean, we closed the $3.3B CoreWeave project bond at 7.75% in May — roughly $2.9B net after the reserve and closing costs. The lockbox isn't standard project finance: CoreWeave revenue hits a designated account, waterfalls opex then debt service, but the structure releases most proceeds to corporate for non-CoreWeave sites. Two converts remain — $460M at 3% '29, $625M zero-coupon '31. Final indenture terms confirm next quarter. Stepping back: one tenant's contracted cash flow funds the next five sites and fixes the concentration.
ConfirmedSource