CoreWeave Secures $8.5 Billion Financing Facility for AI Cloud Expansion

Summary

CoreWeave, Inc. has closed an $8.5 billion delayed draw term loan facility (DDTL 4.0 Facility) to support the expansion of its AI cloud platform. This landmark financing, the first of its kind to achieve investment-grade status, reflects a reduction in the company's cost of capital and growing institutional confidence in its model. The facility, rated A3 by Moody's and A (low) by DBRS, is secured by HPC infrastructure and an associated customer contract. It enables CoreWeave to borrow up to approximately $7.5 billion initially, with the ability to increase total borrowing capacity to $8.5 billion as underlying assets stabilize. The facility matures in March 2032 and includes a floating rate tranche and a fixed rate tranche.