A data center tied to CoreWeave Inc. is set to get funding from a $850 million junk-bond sale by Elk Grove Village Property LLC, which joins a wave of high-yield issuers tapping debt markets to fund artificial intelligence infrastructure.

Shutterfly has sweetened terms on a portion of a critical debt refinancing, in a bid to assuage investors spooked by potential AI disruption and widening losses.

It in many ways embodies investors’ worst fears of how a SaaSpocalypse might play out.