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← CoreWeave
Thu, Oct 2, 2025

CoreWeave adds $3.0 billion incremental tranche to DDTL 2.0 facility

Source document ↗

Key points

  • Fifth Amendment to the DDTL 2.0 credit agreement signed September 29, 2025 by subsidiary CoreWeave Compute Acquisition Co. IV, LLC
  • Adds an incremental $3.0 billion tranche of delayed draw term loans
  • Proceeds fund equipment, hardware and infrastructure serving investment grade and unrated strategic customers
  • Draws available until the March 2026 commitment termination date; each draw matures five years after it is made
  • Term SOFR loans under the new tranche carry a 4.25% margin over three-month term SOFR