CoreWeave secures $8.5 billion loan to expand AI platform

Cloud infrastructure firm CoreWeave, Inc. Class A Common Stock has secured an $8.5 billion financing package through a delayed-draw term loan facility to expand its artificial intelligence cloud platform. This significant capital injection brings the total equity and debt financing commitments secured by the company in the past 12 months to approximately $28 billion, as demand for high-performance computing power continues to surge. Under the terms of the agreement, CoreWeave will initially be able to borrow about $7.5 billion, with an option to increase that amount to $8.5 billion as its data-center assets reach stable operating levels. The loan facility is scheduled to mature in March 2032, providing a long-term runway for infrastructure development. The transaction was co-structured and book-run by Morgan Stanley and MUFG, with The Goldman Sachs Group, Inc. and JPMorgan Chase & Co. serving as additional coordinating lead arrangers for the transaction. The facility was anchored by the credit and insurance division of Blackstone Inc. and included participation from a group of global financial institutions, asset managers, and insurance investors, reflecting broad market confidence in the growth of AI-driven infrastructure.