Thu, Aug 3, 2023
CoreWeave secures $2.3 billion GPU-collateralized debt facility ("DDTL 1.0")
Key points
- Led by Magnetar Capital and funds managed by Blackstone Tactical Opportunities, with Coatue, DigitalBridge Credit, BlackRock, PIMCO, and Carlyle participating
- First-ever facility to use Nvidia H100 GPUs as loan collateral
- Proceeds to expand compute fleet, open data centers, hiring