CoreWeave Secures $8.5 Billion Loan Facility Supported By Blackstone Credit And Others

CoreWeave has closed an $8.5 billion delayed draw term loan facility, representing the first investment-grade financing secured by high-performance computing infrastructure and customer contracts.

Summary of transaction details:

• Deal Type: Delayed draw term loan facility
• Transaction Amount: $8,500,000,000
• Company Name: CoreWeave
• Founders: Brannin McBee
• Headquarters: Livingston, New Jersey
• Notable Investors: Blackstone Credit & Insurance, MUFG, Morgan Stanley, Goldman Sachs, JPMorgan

CoreWeave, a Nasdaq-listed AI-focused cloud provider, is dedicated to meeting the increasing demand for AI services. Co-founder and chief development officer Brannin McBee emphasized that this facility will lower the company's cost of capital, facilitating expansion efforts while building upon $28 billion in equity and debt commitments made over the past year.