debt
confidence high
sentiment positive
materiality 0.75
CoreWeave closes $2.6B delayed draw term loan facility to finance OpenAI infrastructure
CoreWeave, Inc.
- $2.6B DDTL 3.0 Facility at SOFR+4%; led by Morgan Stanley and MUFG; matures August 21, 2030.
- Proceeds fund GPU servers and infrastructure under a long-term agreement with OpenAI.
- Facility secured by substantially all assets of CCAC VII; guaranteed by CoreWeave parent.
- Total capital commitments now exceed $25B; follows a $1.75B Senior Notes offering closed July 28, 2025.
- CoreWeave CDO Brannin McBee states the facility lowers cost of capital and enhances credit profile.
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