CoreWeave has entered into an amendment for its DDTL 3.0 Credit Agreement, effective December 31, 2025. The changes are intended to align the facility with previously announced delivery timelines and provide increased financial flexibility by relaxing certain covenant requirements.
Key Details
- Minimum Liquidity: The minimum liquidity requirement has been reduced to $100.0 million for the period between March 1, 2026, and May 1, 2026.
- Covenant Postponements: The initial testing date for the debt service coverage ratio covenant is postponed to October 31, 2027, and the initial testing date for the contract realization ratio is postponed to February 28, 2026.
- Equity Cures: The amendment permits an unlimited number of equity cures for any covenant failures prior to October 28, 2026, offering additional flexibility to the company.