CoreWeave closes $2.6 billion delayed-draw term loan facility for AI infrastructure expansion

Reuters2026/08/10 20:07

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CoreWeave closed a USD 2.6 billion delayed draw term loan facility, the DDTL 5.5 Facility, to fund AI infrastructure expansion.
Approximate five-year maturity, longer than the roughly three-year average term of underlying customer contracts.
Priced at SOFR + 5.5%; facility rated Ba2 by Moody’s, BB+ by Fitch.
JPMorgan, MUFG acted as joint lead arrangers, bookrunners; issued through CoreWeave Financing DDTL V-V.
Follows a USD 3.1 billion DDTL 5.0 facility earlier this year; total debt and equity raised year-to-date topped USD 30 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoreWeave Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202608101605BIZWIRE_USPR_____20260810_BW690198) on August 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CoreWeave closes $2.6 billion delayed-draw term loan facility for AI infrastructure expansion

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