Compute · the Ledger · Loan against chips
CoreWeave closes $8.5B DDTL 4.0, rated A3/A (low), to finance GPU servers for a customer contract
Signed · announced 31 Mar 2026 · the week to 3 Apr 2026
- Size
- $8.5B
Up to ~$7.5B borrowable initially, rising to $8.5B as underlying assets stabilize.
The parties
- CoreWeavecompany pageBorrower
- MUFG BankLender
- Morgan StanleyLender
The source
CoreWeave 8-K, 2026-03-31Regulatory filing
Borrower CoreWeave Compute Acquisition Co. VIII; non-recourse to the parent except for 'bad acts'. Floating tranche SOFR + 2.25%; fixed tranche at 2.00% over a blended Treasury rate; 0.50% undrawn fee; draws until June 2027; matures 2032-03-31. Moody's A3 and DBRS A (low): described by CoreWeave as the first investment-grade financing secured by HPC infrastructure and a customer contract. Arrangers MUFG and Morgan Stanley.
The same parties, other deals
- Lambda closes a $926M senior secured term loan B at SOFR + 3.00%, secured by GPU servers for one investment-grade offtaker$926M · 27 Aug 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
- 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
- OpenAI commits up to ~$6.5B more through May 31, 2031 in a new CoreWeave order form$6.5B · 25 Sept 2025