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Insurers bought $740 million of Meta-tied CoreWeave debt as credit markets price a 60% default
Insurers have put more than $740 million into CoreWeave debt whose repayment rides on Meta's lease, taking on risk that credit markets price at roughly 60% default odds. Policyholders stand behind those insurers, and unsecured bondholders and shareholders take the losses in market prices first.
· 4 min read
