CoreWeave Closes $3.1 Billion Loan Facility for AI Infrastructure

Summary

CoreWeave, Inc. has closed a $3.1 billion delayed draw term loan facility (DDTL 5.0 Facility) to support the expansion of its AI cloud platform and customer deployments. This facility, the first of its kind, significantly expands the investor base for AI infrastructure financing and was meaningfully oversubscribed, reflecting strong investor demand. The proceeds will be used for the purchase and deployment of infrastructure dedicated to customer contracts with two large, non-investment grade customers. The facility has a maturity of approximately 5.5 years and was issued through CoreWeave Financing DDTL V, LLC. Morgan Stanley and Mitsubishi UFJ Financial Group served as joint lead arrangers and bookrunners for the transaction.