CoreWeave lowered a loan's liquidity minimum to $100 million for some payment dates and postponed covenant tests in a Dec 31, 2025 amendment

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

CoreWeave (Nasdaq: CRWV) and subsidiaries including CoreWeave Compute Acquisition Co. VII, LLC entered into an amendment to a credit agreement on Dec 31, 2025, and it reported this on Jan 2, 2026 in an 8-K, the current report a US-listed company files after a material event. The 8-K was filed under item 1.01, which covers entry into a material definitive agreement. The agreement dates from Jul 28, 2025; the filing calls it the DDTL 3.0 Credit Agreement and names MUFG Bank as its administrative agent.1^,2^,3^,4^,5^,6

The amendment lowered the minimum liquidity amount to $100.0 million for monthly payment dates ending on and after Mar 1, 2026 and before May 1, 2026. It postponed the first test of the debt service coverage ratio covenant until Oct 31, 2027, and the first test of the contract realization ratio covenant until Feb 28, 2026. It also permitted an unlimited number of equity cures for any failure to meet those ratio covenants before Oct 28, 2026; after that, cures could be used no more than three consecutive calendar months in any four consecutive calendar month period.7^,8^,9^,10

The 8-K said the amendment aligned the facility with the timing of deliveries that CoreWeave had described on its earnings call for the quarter ended Sep 30, 2025. CoreWeave had issued its results release for that quarter on Nov 10, 2025. Earlier in December, on Dec 11, 2025, it had completed a private offering of $2,587,500,000 of 1.75% convertible senior notes due 2031.11^,12^,13

The 8-K said a copy of the amendment would be filed as an exhibit to CoreWeave's annual report on Form 10-K for the fiscal year ending Dec 31, 2025, and this account rests on the 8-K's own description of the amendment.14