CoreWeave Secures $8.5 Billion Term Loan Facility for GPU Infrastructure Expansion

CoreWeave, Inc. announced that its indirect subsidiary entered into a credit agreement for an $8.5 billion delayed draw term loan facility on March 30, 2026. The proceeds are designated to finance significant capital expenditures, primarily for the acquisition of GPU servers and related infrastructure required to fulfill a customer contract.

Key Details

• Facility Details: An $8.5 billion delayed draw term loan facility (the “DDTL 4.0 Facility”) provided by a syndicate of lenders including MUFG Bank, Ltd. and Morgan Stanley Asset Funding, Inc.
• Use of Proceeds & Timeline: Funds are designated for GPU server acquisitions and related infrastructure. The loan is available for draws until June 2027 and has a final maturity date of March 31, 2032.
• Key Terms: Floating rate loans under the facility will bear interest at SOFR plus a 2.25% margin. The agreement includes a financial covenant requiring the borrower to maintain a Debt Service Coverage Ratio of at least 1.15x, which begins testing after June 2027 or when commitments are fully drawn.