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CoreWeave secures $8.5 billion loan to expand AI infrastructure
Reuters· 2026-03-31 13:04
Core Viewpoint - CoreWeave has secured $8.5 billion in financing to expand its artificial intelligence cloud platform, driven by increasing demand for computing power [1][2]. Financing Details - The total equity and debt financing commitments for CoreWeave in the past 12 months amount to approximately $28 billion [2]. - Initially, CoreWeave can borrow about $7.5 billion, with the option to increase to $8.5 billion as data-center assets stabilize [2]. - The loan is set to mature in March 2032 [2]. Transaction Structure - The financing facility was co-structured and book-run by Morgan Stanley and MUFG, with Goldman Sachs and JPMorgan as additional coordinating lead arrangers [3]. - The loan was anchored by Blackstone Credit & Insurance and involved participation from various global financial institutions, asset managers, and insurance investors [3].