CoreWeave closed an $8.5 billion loan facility in March 2026 to finance GPU servers and related infrastructure for a customer contract

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.

On Mar 30, 2026, CoreWeave Compute Acquisition Co. VIII, an indirect subsidiary of CoreWeave, signed a credit agreement for an $8.5 billion delayed draw term loan facility, which the company calls DDTL 4.0. A delayed draw term loan is a loan the borrower can take in portions; here draws were available until June 2027, and the loans had a maturity date of Mar 31, 2032. CoreWeave reported it in a Form 8-K, the report a US-listed company files after a significant event, filed on Mar 31, 2026, the day it announced the closing. The filing said the facility was entered into primarily to finance capital expenditures required to perform a customer contract, including GPU servers and related infrastructure.1^,2^,3^,4^,5

The company's press release put the facility's floating-rate tranche at SOFR plus 2.25%, SOFR being a benchmark interest rate, and its fixed-rate tranche at approximately 5.9%. It said CoreWeave could borrow up to approximately $7.5 billion at first and could raise total capacity to $8.5 billion once the underlying assets reached stabilization. The 8-K said the obligations were secured by substantially all assets of the borrower and its subsidiaries, and that the parent, CoreWeave, gave a guarantee limited to specified bad acts.6^,7^,8^,9

The release said the facility received ratings of A3 from Moody's and A (low) from DBRS, which the company called the first investment-grade rated financing secured by HPC infrastructure and an associated customer contract. MUFG Bank was the administrative agent, and the release said Blackstone Credit & Insurance anchored the facility. The company said the financing reflected a further reduction in its cost of capital.10^,11^,12^,13

The release said CoreWeave had secured equity and debt financing commitments totaling approximately $28 billion in the past 12 months. An earlier facility in the series, DDTL 3.0, was set by a credit agreement dated Jul 28, 2025, which was amended on Dec 31, 2025. In April 2026 it issued senior notes due 2031 at 9.750%: $1.75 billion on Apr 14 and a further $1 billion on Apr 21.14^,15^,16^,17^,18

This account of the facility rests on the 8-K and the press release attached to it, and the 8-K said portions of the credit agreement exhibit were omitted.19