CoreWeave closes $2.6 billion delayed-draw term loan facility for AI infrastructure expansion - CRWV News | RalliesCoreWeave closes $2.6 billion delayed-draw term loan facility for AI infrastructure expansion
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CRWV• CoreWeave closes new delayed-draw term loan facility
- CoreWeave closed a $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 and bookrunners; issued through CoreWeave Financing DDTL V-V.
- Follows a $3.1 billion DDTL 5.0 facility earlier this year; total debt and equity raised year-to-date topped $30 billion.
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