Investing.com -- CoreWeave Inc. has improved terms on a $2.6 billion loan intended to fund additional computing capacity for companies including Anthropic PBC, Bloomberg reported on Wednesday.

Pricing discussions have widened by as much as 1.25 percentage points to as high as 5.5 percentage points over the benchmark, according to the report. The loan is now being offered at a wider discount, at 97 cents on the dollar versus 99 cents earlier, which increases the yield, the report said citing people familiar with the matter.

The firm is selling a loan that can be drawn over time, with interest charged only on amounts borrowed. Proceeds from the delayed draw term loan will fund the acquisition and installation of graphics processing units and other components used to provide computing capacity for companies including Anthropic under take-or-pay contracts.

CoreWeave has been accessing the junk-debt market as it is expected to spend more than $34 billion this year in AI infrastructure.

The loan would also fund computing capacity for two of the largest US market makers, Jane Street Group and Hudson River Trading. The firms rely on CoreWeave and other cloud providers to power trading algorithms that react to market moves in microseconds. More processing power allows them to analyze more data and execute more trades.

The cost of protecting CoreWeave's debt against default for five years has increased more than 50% this month to the highest level since December, the report said.