Market Chatter: CoreWeave-Linked Data Center Developer Seeks $850 Million Junk Bond Financing

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CoreWeave (CRWV) is linked to a data center project in the Chicago area that developer Elk Grove Village Property plans to finance with an $850 million junk-bond sale, Bloomberg reported Monday, citing a person with direct knowledge of the matter.

The "build-to-suit hyperscale data center" is fully leased to CoreWeave for 15 years, with renewal options, and represents about $2.2 billion in revenue under the lease, the report said, adding that Banco Santander (SAN) is managing the bond sale.

CoreWeave, Elk Grove Village Property, and Banco Santander didn't immediately reply to MT Newswires' request for comments.

Shares of CoreWeave were up more than 12% in Monday afternoon trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 122.89, Change: +13.36, Percent Change: +12.20

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This information is believed to be from reliable sources but may include rumor and speculation. 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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 122.89, Change: +13.36, Percent Change: +12.20</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CRWV","symbol_name":"CoreWeave, Inc.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2640655319","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2640655319","pubTimestamp":1780331616,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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