• Financing reflects further reduction in cost of capital and growing institutional confidence in CoreWeave's model, execution, and AI adoption.
  • First of a kind non-recourse facility, with an A3 / A (low) rating, marking the first HPC infrastructure delayed draw term loan to achieve investment grade status.
  • Transaction fulfills financing requirements to deliver previously contracted cloud services with leading AI enterprise, expanding CoreWeave's high-performance AI cloud footprint.

CoreWeave, Inc. (NASDAQ:CRWV), The Essential Cloud for AI™, today announced it has closed an $8.5 billion delayed draw term loan facility ("DDTL 4.0 Facility"), supporting the continued expansion of its AI cloud platform.

The DDTL 4.0 Facility received ratings of A3 by Moody's and A (low) by DBRS, respectively, representing the first investment-grade rated financing secured by HPC infrastructure and an associated customer contract.