---
schema_version: "secwatch.filing_event.v1"
accession: "0001769628-26-000236"
form_type: "8-K"
ticker: "CRWV"
cik: "0001769628"
company_name: "CoreWeave, Inc."
filed_at: "2026-05-18T20:06:36+00:00"
generated_at: "2026-05-18T20:09:16.994880+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# CoreWeave closes $3.1B DDTL 5.0; oversubscribed, pricing tightened 50 bps to SOFR+4.50%

## Summary
- First publicly syndicated HPC-backed delayed draw term loan; received Ba2/BB+ ratings from Moody's/Fitch.
- Facility matures Nov 15, 2031 (5.5 years); proceeds fund GPU infrastructure for two non-investment-grade customer contracts.
- Pricing improved 50 bps during syndication to SOFR+4.50%; undrawn fee 0.50% per annum.
- Covenant: debt service coverage ratio >=1.35x beginning after commitments reduced to zero or Sep 30, 2026.
- Year-to-date total debt and equity capital raised exceeds $20B, including $8.5B DDTL 4.0 earlier in 2026.

## SEC filing metadata
- accession: 0001769628-26-000236
- form_type: 8-K
- ticker: CRWV
- cik: 0001769628
- company_name: CoreWeave, Inc.
- filed_at: 2026-05-18T20:06:36+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1769628/000176962826000236/0001769628-26-000236-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1769628/000176962826000236/crwv-20260515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001769628-26-000236
- JSON: https://secwatch.observer/filing/0001769628-26-000236.json
- Plain text: https://secwatch.observer/filing/0001769628-26-000236.txt

## Key facts
- Debt Financings
  CoreWeave, Inc. incurred term loan of $3.1 billion with Morgan Stanley Senior Funding, Inc. at daily compounded SOFR (subject to a 0.00% floor) plus an applicable margin of 4. maturing November 15, 2031.
  - Instrument: term loan
  - Principal: $3.1 billion
  - Counterparty: Morgan Stanley Senior Funding, Inc.
  - Rate: daily compounded SOFR (subject to a 0.00% floor) plus an applicable margin of 4.
  - Maturity: November 15, 2031
  - Event: incurrence
  source text: as depository bank, MUFG Bank, Ltd. and Morgan Stanley Senior Funding, Inc. as coordinating lead arrangers and joint bookrunners, and the lenders party thereto, providing for a $3.1 billion delayed draw term loan facility (the “DDTL 5.0 Facility”). The DDTL 5.0 Facility was entered into primarily to finance capital expenditures required to perform certain customer
  evidence_url: https://www.sec.gov/Archives/edgar/data/1769628/000176962826000236/0001769628-26-000236-index.htm
- Material Agreements
  CoreWeave, Inc. entered into Credit Agreement with Morgan Stanley Senior Funding, Inc., as administrative agent, and the lenders party thereto valued at $3.1 billion (effective 2026-05-15).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Morgan Stanley Senior Funding, Inc., as administrative agent, and the lenders party thereto
  - Value: $3.1 billion
  - Effective: 2026-05-15
  source text: On May 15, 2026, CoreWeave Financing DDTL V, LLC (the “Borrower”), a Delaware limited liability company and an indirect subsidiary of CoreWeave, Inc., a Delaware corporation (the “Parent”), entered into a credit agreement (the “Credit Agreement”) with Morgan Stanley Senior Funding, Inc., as administrative agent, U.S. Bank Trust Company, National Association as collateral agent, U.S. Bank National Association, as depository bank, MUFG Bank, Ltd. and Morgan Stanley Senior Funding, Inc. as coordinating lead arrangers and joint bookrunners, and the lenders party thereto, providing for a $3.1 billion delayed draw term loan facility (the “DDTL 5.0 Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1769628/000176962826000236/0001769628-26-000236-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.