CoreWeave, Inc. (Nasdaq: CRWV) has closed a $2.6 billion delayed draw term loan facility, according to a company press release. The facility, known as the DDTL 5.5 Facility, carries an approximate five-year maturity while the underlying customer contracts average approximately three years in length.

The transaction was priced at SOFR + 5.50% and received ratings of Ba2 from Moody's and BB+ from Fitch. JPMorgan and Mitsubishi UFJ Financial Group served as joint lead arrangers and bookrunners. The facility was issued through CoreWeave Financing DDTL V-V, LLC.

Proceeds will support the purchase and deployment of high-performance computing infrastructure dedicated to customer contracts. The facility also allows CoreWeave to renew existing contracts or re-lease capacity to other customers at the end of initial contract terms, subject to conditions outlined in the credit agreement.

"Lenders are now comfortable financing shorter-dated contracts, which allows us to target a wider variety of customers, including global enterprises that typically favor shorter-term agreements," said Brannin McBee, co-founder and chief development officer at CoreWeave.

The new facility follows CoreWeave's previously announced $3.1 billion DDTL 5.0 facility completed earlier this year. The company states it has secured more than $30 billion in combined debt and equity capital year-to-date. CoreWeave completed its public listing on Nasdaq in March 2025.