CoreWeave, Inc. entered into a $2.6 billion delayed draw term loan facility (DDTL 5.5 Facility) on August 7, 2026, with JPMorgan Chase Bank and MUFG Bank as joint lead arrangers. The facility matures on September 1, 2031, with availability until December 2026. Interest is priced at Term SOFR plus a 5.50% margin for SOFR loans or the base rate plus 4.50% for base rate loans. Proceeds will finance capital expenditures for GPU servers and infrastructure to support customer contracts. The transaction received Ba2 from Moody’s and BB+ from Fitch, was priced at SOFR + 5.50%, and is part of over $30 billion in capital raised year-to-date. CoreWeave operates in the artificial intelligence cloud computing industry, providing high-performance computing infrastructure.
