8-KMaterial AgreementsFinancial EventsRegulation FD+1

CoreWeave, Inc. 8-K Report, Material Agreement (Aug 10, 2026)

Filed August 10, 2026For Securities:CRWV

Summary

CoreWeave, Inc. (CRWV) has announced the successful closing of a $2.6 billion delayed draw term loan facility (DDTL 5.5 Facility) on August 7, 2026. This significant financing round, led by JPMorgan Chase Bank, N.A. and MUFG Bank, Ltd., is primarily earmarked to fund crucial capital expenditures, specifically for the acquisition of GPU servers and related infrastructure. This expansion is expected to directly support CoreWeave's ability to fulfill existing customer contracts, signaling a commitment to scaling its operations to meet increasing demand in the high-performance computing sector. The facility matures on September 1, 2031, with draws available until December 2026. The loan carries interest rates based on SOFR or a base rate, plus applicable margins, and includes a 0.50% annual fee on undrawn amounts. The Parent, CoreWeave, Inc., has provided an unconditional guarantee, and the loan is secured by substantially all assets of the borrower and its subsidiaries, offering strong collateralization for lenders. The agreement also includes customary covenants, such as a debt service coverage ratio of at least 1.35x, to ensure financial stability and repayment capacity.

Key Highlights

  • 1Secured $2.6 billion in a delayed draw term loan facility (DDTL 5.5 Facility) to fund capital expenditures.
  • 2Primary use of funds is for acquisition of GPU servers and related infrastructure, supporting customer contracts.
  • 3Facility has a maturity date of September 1, 2031, with draws available until December 2026.
  • 4Interest rates are set at SOFR + 5.50% or Base Rate + 4.50%, with a 0.00% floor.
  • 5Includes a 0.50% annual fee on the undrawn portion of the facility.
  • 6CoreWeave, Inc. (Parent) provides an unconditional guarantee for all obligations.
  • 7Loan is secured by substantially all assets of the borrower and its subsidiaries.
  • 8Key covenant includes maintaining a debt service coverage ratio of at least 1.35x.

Frequently Asked Questions

The DDTL 5.5 Facility is primarily intended to finance capital expenditures, specifically for the acquisition of GPU servers and related infrastructure. This will enable CoreWeave to fulfill certain customer contracts and scale its operations.

For SOFR loans, the interest rate is Term SOFR plus a 5.50% margin, with a 0.00% floor. For base rate loans, it's the base rate plus a 4.50% margin, also with a 0.00% floor. Additionally, there is an undrawn fee of 0.50% per annum on the average daily undrawn portion, payable monthly.

All obligations are unconditionally guaranteed by the Parent, CoreWeave, Inc., through a parent guarantee and pledge agreement. The loan is also secured by substantially all assets of the borrower and its subsidiaries, along with a pledge of 100% of the borrower's equity interests.

A key financial covenant requires the borrower to maintain a debt service coverage ratio of at least 1.35x, beginning in early 2027. The agreement also includes customary negative covenants and events of default.