CoreWeave has announced it has closed an $8.5 billion delayed draw term loan facility (DDTL 4.0 Facility), supporting the continued expansion of its AI cloud platform.
The DDTL 4.0 Facility received ratings of A3 by Moody’s and A (low) by DBRS, respectively, representing the first investment-grade rated financing secured by HPC infrastructure and an associated customer contract.
The structure enables CoreWeave to borrow up to approximately $7.5 billion initially, with the ability to increase total borrowing capacity to $8.5 billion as underlying assets reach stabilization. The facility is designed to provide enhanced access to low-cost capital to support CoreWeave’s continued investment to meet customer demand.
The facility builds on CoreWeave’s sustained momentum, including securing equity and debt financing commitments that now total approximately $28 billion in the past 12 months.
The new DDTL 4.0 Facility demonstrates CoreWeave’s progress in r
