Blue Owl-Backed CoreWeave Data Center Prices $1.1B in Junk Bonds at 9.25%, 270bps Above Peers

Goldman Sachs led a $1.1B junk-bond sale for a Blue Owl-sponsored data center leased entirely to CoreWeave, pricing five-year notes at 98.5 cents on the dollar to yield 9.25%, roughly 270bps above similarly rated debt. The Digital Drive campus is slated for 76MW of IT capacity under a 15-year, $2.94B CoreWeave contract, with operations targeted for 2027-2028. Pricing signals investors still demand a premium for AI-infra credit despite CoreWeave's rebound this year.