Dossier
Junk bonds
Coverage of Junk bonds in the Nexus archive.
- CoreWeave Junk Bonds Slide Further as Investors Question AI Boom
CoreWeave's junk bonds are declining as investors question the sustainability of the AI boom. The company had a scaled-down initial public offering and is in discussions to raise about $1.5 billion in debt.
- Legoland Owner’s Junk Bonds Slide Amid Refinancing Pressure
The Legoland Shanghai Resort, operated by Merlin Entertainments Ltd., is experiencing financial strain as the company's junk bonds decline amid refinancing pressure.
- Core Scientific Reveals $3.3 Billion Junk-Bond Sale to Pivot Further from Bitcoin Mining to AI
Core Scientific, a Bitcoin miner transitioning to a data center operator, plans to sell $3.3 billion in speculative-grade debt to further pivot toward AI. The company aims to shift focus from cryptocurrency mining to artificial intelligence infrastructure.