CoreWeave, Inc. announced that its indirect subsidiary entered into a new credit agreement for a $3.1 billion delayed draw term loan facility. The proceeds are intended to finance significant capital expenditures, primarily for the acquisition of GPU servers and related infrastructure needed to fulfill customer contracts.
Key Details
- Facility: A $3.1 billion delayed draw term loan facility (the “DDTL 5.0 Facility”) entered into on May 15, 2026.
- Purpose: To fund capital expenditures required for customer contracts, including the purchase of GPU servers and associated infrastructure.
- Terms & Maturity: The facility has a maturity date of November 15, 2031. Loans under the facility will bear interest at a rate of SOFR plus an applicable margin of 4.50% per annum.
- Guarantee & Security: The obligations under the facility are unconditionally guaranteed by the parent company, CoreWeave, Inc., and are secured by substantially all assets of the borrower and its subsidiaries.