CoreWeave closes $8.5B financing facility

CoreWeave (CRWV) closed an $8.5B delayed draw term loan facility, supporting the continued expansion of its AI cloud platform. The DDTL 4.0 Facility received ratings of A3 by Moody’s and A by DBRS, respectively, representing the first investment-grade rated financing secured by HPC infrastructure and an associated customer contract. The structure enables CoreWeave to borrow up to approximately $7.5B initially, with the ability to increase total borrowing capacity to $8.5B as underlying assets reach stabilization. The facility is designed to provide enhanced access to low-cost capital to support CoreWeave’s continued investment to meet customer demand.The facility builds on CoreWeave’s sustained momentum, including securing equity and debt financing commitments that now total approximately $28B in the past 12 months.

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