CoreWeave Shares Rise After $8.5B Investment-Grade Financing Deal

$8.5B Deal Marks First Investment-Grade GPU-Backed FinancingCoreWeave said the delayed draw term loan facility, known as DDTL 4.0, received ratings of A3 from Moody's and A (low) from DBRS, representing the first investment-grade rated financing secured by high-performance computing infrastructure and an associated customer contract.The company noted the structure allows it to borrow approximately $7.5 billion initially, with the ability to increase total capacity to $8.5 billion as underlying assets stabil ...