capital · May 20, 2026
CoreWeave Closes $3.1 Billion Delayed Draw Term Loan Facility
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CoreWeave closed a $3.1 billion delayed draw term loan facility on May 18, 2026. The facility funds GPU infrastructure purchases and deployments for two large non-investment-grade customer contracts. CoreWeave secured more than $20 billion in debt and equity capital year-to-date including an earlier $8.5 billion DDTL 4.0 facility and a $2 billion NVIDIA investment. Brannin McBee stated this validates HPC infrastructure-backed financing as a scalable asset class for long-term AI demand. The transaction was the first publicly syndicated HPC-backed loan with Ba2 and BB+ ratings.
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