CoreWeave (CRWV) closed a $3.1 billion delayed draw term loan facility to support the expansion of its AI cloud platform and customer deployments, the company said on Monday.
Proceeds from the facility will fund infrastructure tied to contracts with two large non-investment grade customers, helping expand CoreWeave's AI cloud footprint.
CoreWeave said the transaction was "meaningfully oversubscribed," with strong investor demand allowing pricing to tighten during syndication.
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