8-KMaterial AgreementsFinancial EventsExhibits & Filings

CoreWeave, Inc. 8-K Report, Material Agreement (Oct 2, 2025)

Filed October 2, 2025For Securities:CRWV

Summary

CoreWeave, Inc. (CRWV), through its subsidiary CoreWeave Compute Acquisition Co., IV, LLC (CCAC IV), has executed a Fifth Amendment to its existing Credit Agreement dated May 16, 2024. This amendment, effective September 29, 2025, introduces an additional $3.0 billion in delayed draw term loans (Fifth Amendment DDTL). These new funds are earmarked for the acquisition and maintenance of essential equipment, hardware, and infrastructure to support the services offered to both investment-grade and unrated strategic customers. The Fifth Amendment DDTL will be available for draws until March 2026, with each drawn amount maturing five years from its respective draw date. This significant capital infusion positions CoreWeave to expand its operational capacity and further serve its growing client base, particularly in the demanding AI and cloud computing sectors. Investors should note the strategic intent behind this financing, which is to directly fuel asset acquisition for customer-facing services.

Key Highlights

  • 1CoreWeave subsidiary CCAC IV secured a $3.0 billion incremental delayed draw term loan facility (Fifth Amendment DDTL).
  • 2Funds are designated for the purchase and maintenance of equipment, hardware, and infrastructure for strategic customer services.
  • 3The new credit facility is available for draws until March 2026.
  • 4Each draw under the Fifth Amendment DDTL has a maturity of five years from the draw date.
  • 5The amendment introduces new interest rate structures and upfront/commitment fees for the additional debt.
  • 6Financial covenants related to the new debt are substantially similar to existing covenants.
  • 7This financing underscores CoreWeave's ongoing investment in expanding its data center and compute infrastructure.

Frequently Asked Questions

The $3.0 billion in delayed draw term loans is intended to fund the purchase and maintenance of critical equipment, hardware, and infrastructure necessary for CoreWeave to provide services to its strategic customers, both investment-grade and unrated.

The Fifth Amendment DDTL is available for one or more draws until March 2026. Each loan drawn under this facility will mature five years after the date it was drawn.

The Fifth Amendment introduces new interest rate options for loans drawn under the new tranche. These include options for base rate loans with a 3.25% margin plus a base rate, or term SOFR loans with a 4.25% margin plus the term SOFR rate, both subject to a 0.00% floor. Additionally, there are upfront fees of 1.50% on funded amounts and a commitment fee of 3.00% on the undrawn portion up to $2.4 billion.

While this filing indicates the creation of a new financial obligation, the Fifth Amendment includes financial covenants that are described as substantially similar to those applicable under the existing DDTL 2.0 Credit Agreement. Investors should refer to the full Fifth Amendment document for precise details on any new or modified covenants.