CoreWeave (CRWV) is seeking an $8.5B loan from banks, backed by a contract Meta (META) signed last year to pay CoreWeave up to $14.2B for its services, and a separate agreement valued at more than $5B, Bloomberg’s Bailey Lipschultz and Paula Seligson report. The loan is expected to close in March and would be supported by Meta’s blue-chip profile, which is expected to result in an investment-grade rating and lower borrowing costs for CoreWeave, according to people familiar with the matter.
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