CoreWeave enters DDTL 2.0 delayed draw term loan of up to $7.6B, led by Blackstone and Magnetar

The parties

• CoreWeavecompany pageBorrower
• BlackstoneLender
• Magnetar CapitalLender

The source

CoreWeave S-1, 2025-03-03Regulatory filing

Borrower CoreWeave Compute Acquisition Co. IV. Loan availability is a percentage of depreciated GPU server cost, scaled by the credit rating of the contracted customer. Margins per CoreWeave 8-K 2025-10-02: term SOFR + 6.00-6.50% for investment-grade contract loans, + 13.00% for non-investment-grade. A fifth amendment on 2025-09-29 added a $3.0B tranche at term SOFR + 4.25% (CoreWeave 8-K 2025-10-02).

The same parties, other deals

• Blackstone leads a $10B senior secured financing for Firmus, backed by take-or-pay contracts with investment-grade counterparties$10B · 30 Jul 2026
• Jane Street commits ~$6B to CoreWeave's AI cloud and buys $1B of CoreWeave stock at $109.00$6B · 15 Apr 2026
• Meta signs a new CoreWeave order form; Meta's initial commitment is ~$21B through December 20, 2032$21B · 9 Apr 2026
• CoreWeave closes $8.5B DDTL 4.0, rated A3/A (low), to finance GPU servers for a customer contract$8.5B · 31 Mar 2026
• Nvidia buys $2B of CoreWeave Class A stock at $87.20 per share; companies sign a 5 GW buildout framework$2B · 26 Jan 2026
• Meta commits up to ~$14.2B through December 14, 2031 for CoreWeave cloud capacity$14.2B · 30 Sept 2025