CoreWeave Seeks $8.5 Billion Loan From Banks Backed by Meta Deal

Photographer: Michael Nagle/Bloomberg CoreWeave Inc. is looking to raise about $8.5 billion from banks including Morgan Stanley and Mitsubishi UFJ Financial Group Inc. to help finance a buildout of cloud computing capacity for Meta Platforms Inc., according to people familiar with the matter. The proposed delayed-draw term loan would be backed by a contract Meta signed last year to pay CoreWeave up to $14.2 billion for its services, said the people, who asked not to be named discussing private informatio ...