AI Debt Stress May Hand Fed's Warsh a Reason to Slow Rate Hikes
CoreWeave 2032 bonds trade at a 15.3% distress yield, hyperscaler debt underperforms, and Meta taps $95 billion in equity — credit stress may let the Fed ease off after December.
Topic
Credit Markets
Topic
Credit Markets
Junk Bond Market Flashes Warning: Riskiest Credit Sends Mixed Signals
The riskiest junk bonds are flashing a warning and credit markets are sending unusually mixed messages — but no spread, name or n…
Fortune: AI's Future Runs Through Credit Desks
Fortune argues AI's next phase gets decided by lenders, not labs: data-center debt and credit desks now determine who can build c…
Hercules Capital Prices Upsized $400 Million Note Deal at 6.70%
Hercules Capital priced an upsized $400.0 million institutional notes offering at a 6.70% coupon due 2029, with demand from buy-s…
Churchill Downs Prices $500 Million Term Loan Due 2033
Churchill Downs priced a $500 million term loan at SOFR+175 due 2033, extending a 2028 maturity while planning to swap $600 milli…
SB Energy Slows $50 Billion IPO as Debt Yields Near 10%
SB Energy has slowed its $50 billion IPO push as its $4.9 billion debt package draws weak demand near 10% yields, making capital…
Loan Fund Assets Rise $1.2 Billion as Fed Hikes Rates
Leveraged loan funds drew $1.2 billion in August before the Fed's Sept. 16 hike, while high-yield funds saw $2.5 billion in weekl…