CoreWeave Closes $3.1 Billion Loan Facility, Expanding Access to Public Markets for GPU-Backed Financing
CoreWeave closed a $3.1 billion delayed draw term loan facility (DDTL 5.0), the first publicly syndicated HPC-backed financing vehicle of its kind. The transaction was meaningfully oversubscribed, allowing pricing to tighten by 50 basis points to SOFR + 4.50%, and received Ba2 (Moody’s) and BB+ (Fitch) ratings.
Key figures
- Deal Value Usd
- 3100000000
- Fitch rating
- BB+
- Moody rating
- Ba2
- Pricing spread
- SOFR + 4.50%
- Facility maturity
- 5.5 years
- Total ytd capital
- >$20 billion
- Pricing tightening
- 50 basis points
AI analysis
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