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CoreWeave closes $3.1 billion delayed-draw term loan facility at SOFR+4.5%

PUBT·05/18/2026 20:08:07
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CoreWeave closes $3.1 billion delayed-draw term loan facility at SOFR+4.5%
  • CoreWeave closed a USD 3.1 billion delayed draw term loan facility, labeled DDTL 5.0, to fund continued expansion of its AI cloud platform.
  • The facility was billed as the first publicly syndicated HPC infrastructure-backed financing vehicle, widening the investor base and allowing secondary market trading.
  • Pricing tightened during syndication to SOFR + 4.5%.
  • The loan has an approximate 5.5-year maturity, issued through CoreWeave Financing DDTL V.
  • Morgan Stanley, MUFG served as joint lead arrangers and bookrunners.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoreWeave Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260518337916) on May 18, 2026, and is solely responsible for the information contained therein.