CoreWeave, Inc. (CRWV): debt financing — CoreWeave adds $3.0B delayed draw term loan for equipment financing

CoreWeave, Inc.

Amendment adds $3.0 billion tranche to existing DDTL 2.0 Credit Agreement; available until March 2026.
Borrowings mature five years after each draw; proceeds used for equipment/hardware for customer services.
New term SOFR loans carry interest at 4.25% plus term SOFR (vs prior non-investment-grade 13% + SOFR).
Upfront fee 1.50% on funded amounts; commitment fee 3% on undrawn portion above $2.4 billion.
Conditions include no material adverse effect since Dec 31, 2024 and representations being true.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CoreWeave, Inc. incurred term loan of $3.0 billion with U.S. Bank Trust Company, National Association at 4.25% plus the term SOFR for a three-month interest period maturing five years after the date of such draw.

Instrument: term loan
Principal: $3.0 billion
Counterparty: U.S. Bank Trust Company, National Association
Rate: 4.25% plus the term SOFR for a three-month interest period
Maturity: five years after the date of such draw
Event: incurrence

Exact text from the filing

The Fifth Amendment adds an incremental $3.0 billion tranche of delayed draw term loans (the “Fifth Amendment DDTL”) to the DDTL 2.0 Credit Agreement.

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Source: SEC EDGAR

accession 0001193125-25-227562

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