Tue, Mar 31, 2026
CoreWeave closes $8.5 billion financing facility, first investment-grade rated GPU-backed financing ("DDTL 4.0")
Key points
- Secured by CoreWeave Compute Acquisition Co. VIII, LLC; backed by Meta take-or-pay contracts; rated A3 (Moody's) / A(low) (DBRS); floating tranche SOFR+2.25%, fixed tranche ~5.9%; 1.15x DSCR covenant