By Gowri Gurumurthy
Publication Date: 2026-04-16 21:38:00
(Bloomberg) — There’s no stopping the artificial intelligence financing boom, with a record deal involving Google-backed data centers and an add-on sale by cloud infrastructure firm CoreWeave Inc. raising a combined $6.7 billion in new junk debt.
The Google-linked deal — a $5.7 billion offering led by Morgan Stanley — priced on Thursday after receiving $19 billion of investor orders, according to people with knowledge of the matter.
The transaction will fund the construction of two data centers on a campus in Sullivan County, Indiana, that will be leased to cloud-computer startup Fluidstack Ltd. and backstopped by Alphabet Inc.’s Google, the people said, asking not to be named because they’re not authorized to speak publicly.
Meanwhile, cloud infrastructure firm CoreWeave sold an additional $1 billion of 2031 bonds only a week after the original offering — seizing on strong investor demand that’s largely held up for AI deals as the Middle East war…
