CoreWeave secures $8.5 billion loan to expand AI infrastructure
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A screen displays the company logo for CoreWeave, Inc., Nvidia-backed cloud services provider, during the company's IPO at the Nasdaq Market, in New York City, U.S., March 28, 2025. REUTERS/Brendan McDermid
March 31 (Reuters) - Cloud infrastructure firm CoreWeave has secured $8.5 billion in financing through a delayed-draw term loan facility to expand its artificial intelligence cloud platform, as demand for computing power continues to surge.
This brings the total equity and debt financing commitments secured by CoreWeave in the past 12 months to about $28 billion. Here are details from the company's statement on Tuesday:
* CoreWeave will initially be able to borrow about $7.5billion, with an option to increase that to $8.5 billion asdata-center assets reach stable operating levels. * The loan will mature in March 2032. * The facility was co-structured and book-run by MorganStanley and MUFG, with Goldman Sachs and JPMorgan serving asadditional coordinating lead arrangers for the transaction. * It was anchored by Blackstone Credit & Insurance andincluded participation from a group of global financialinstitutions, asset managers and insurance investors.(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Jonathan Ananda)
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