CoreWeave closes $3.1 billion loan facility for AI infrastructure

CoreWeave Inc. (NASDAQ: CRWV) announced it closed a $3.1 billion delayed draw term loan facility to support expansion of its AI cloud platform and customer deployments.

The facility represents the first publicly syndicated high-performance computing infrastructure-backed financing vehicle, according to the company's press release statement. The transaction received Ba2 ratings from Moody's and BB+ from Fitch.

Proceeds will support infrastructure purchases and deployment for 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.

The transaction was oversubscribed and priced at SOFR plus 4.50%, with pricing tightening by 50 basis points during syndication due to investor demand. Morgan Stanley and Mitsubishi UFJ Financial Group served as joint lead arrangers and bookrunners.

"This transaction further validates HPC infrastructure-backed financing as a scalable new asset class designed to support long-term AI demand," said Brannin McBee, co-founder and chief development officer at CoreWeave.

The facility follows CoreWeave's $8.5 billion investment-grade rated facility completed earlier this year. The company states it has secured more than $20 billion of debt and equity capital year-to-date for its AI cloud platform expansion.

CoreWeave completed its public listing on Nasdaq in March 2025, according to the press release.

You May Also Be Interested In

• Bernstein SocGen Group Reiterates Outperform Rating on Hermes International (RMS:FP) (HESAY) after cautious commentary
• Iridium launches hybrid IoT module combining satellite and cellular
• BTQ Technologies names Brandt Pasco as U.S. strategic advisor