CoreWeave closes $8.5 billion financing facility with investment grade rating

CoreWeave Inc. (NASDAQ: CRWV) announced it has closed an $8.5 billion delayed draw term loan facility to support expansion of its AI cloud platform, according to a company statement.

The facility received A3 and A (low) ratings from Moody's and DBRS respectively, marking what the company described as the first investment-grade rated financing secured by high-performance computing infrastructure and an associated customer contract.

The structure allows CoreWeave to initially borrow up to approximately $7.5 billion, with capacity to increase total borrowing to $8.5 billion as underlying assets reach stabilization. The facility includes a floating rate tranche financed at SOFR plus 2.25% and a fixed rate tranche financed at approximately 5.9%.

"This reflects confidence in AI adoption and represents continued market validation of our model that is proving both repeatable and scalable," said Brannin McBee, chief development officer and co-founder of CoreWeave.

The facility matures in March 2032 and is secured by substantially all assets of CoreWeave Compute Acquisition Co. VIII, LLC. MUFG and Morgan Stanley served as co-structuring agents and joint bookrunners, with Goldman Sachs and JPMorgan as additional coordinating lead arrangers.

The transaction was anchored by Blackstone Credit & Insurance and included participation from global financial institutions, asset managers, and insurance investors. CoreWeave stated the facility was oversubscribed.

CoreWeave reported that this financing brings its total equity and debt financing commitments to approximately $28 billion over the past 12 months. The company completed its public listing on Nasdaq in March 2025.

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