Fri, May 17, 2024
CoreWeave secures $7.5 billion debt facility led by Blackstone and Magnetar ("DDTL 2.0")
Key points
- One of the largest private credit financings in history
- Led by funds managed by Blackstone; Magnetar as Co-Lead Investor; also Coatue, Carlyle, CDPQ, DigitalBridge Credit, BlackRock, Eldridge Industries, Great Elm Capital Corp
- Issued through SPV CoreWeave Compute Acquisition Co. IV, LLC