secwatch.observer — SEC 8-K summary
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Issuer:     CoreWeave, Inc. (CRWV)
CIK:        0001769628
Form:       8-K
Filed at:   2026-05-18T20:06:36+00:00
Accession:  0001769628-26-000236
Event type: debt
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1769628/000176962826000236/0001769628-26-000236-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1769628/000176962826000236/crwv-20260515.htm
  HTML page:      https://secwatch.observer/filing/0001769628-26-000236

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer