Press release
CoreWeave Expands Credit Facility to $1.5 Billion to Support Continued Growth
The expansion includes an $850 million increase to the revolving credit facility LIVINGSTON, N.J., May 6, 2025 /PRNewswire/ -- CoreWeave, Inc. (Nasdaq: CRWV),
About this update from Coreweave, Inc.
[{"type":"text","content":"The expansion includes an $850 million increase to the revolving credit facility\nLIVINGSTON, N.J., May 6, 2025 /PRNewswire/ -- CoreWeave, Inc. (Nasdaq: CRWV), the AI Hyperscaler™, today announced that it entered into an agreement with JPMorgan Chase Bank, Goldman Sachs, Morgan Stanley and MUFG, with participation from Credit Agricole, Deutsche Bank, Societe Generale, Sumitomo Mitsui Banking Corporation and Wells Fargo, to, among other things, increase the company's revolving credit facility from $650 million to $1.5 billion and extend the maturity date. The proceeds from this agreement will enhance the company's financial flexibility and enable it to continue growing its leading AI cloud infrastructure platform globally.\n\nCoreWeave previously closed a $650 million revolving credit facility in October 2024.\nCoreWeave is the leading AI cloud infrastructure provider and is consistently one of the first-to-market with the most advanced hardware and software solutions. Last month, NVIDIA and CoreWeave announced that CoreWeave is among the first AI cloud providers offering GB200 Grace Blackwell Superchips at scale, after CoreWeave reported a record-breaking MLPerf inference benchmark with the GB200 system. The company is also the only hyperscaler to achieve the highest Platinum ranking from SemiAnalysis, an independent AI industry research and analysis group.\nAbout CoreWeaveCoreWeave, the AI Hyperscaler™, delivers a cloud platform of cutting-edge software powering the next wave of AI. The company's technology provides enterprises and leading AI labs with cloud solutions for accelerated computing. Since 2017, CoreWeave has operated a growing footprint of data centers across the US and Europe. CoreWeave was ranked as one of the TIME100 most influential companies and featured on Forbes Cloud 100 ranking in 2024. Learn more at www.coreweave.com.\nForward-Looking StatementsThis press release contains forward-looking statements based on management's expectations, assumptions, and projections using information available at the time the statements were made. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions. It is not possible for CoreWeave's management to predict all risks, nor can CoreWeave assess the impact of all factors on its business or the extent to which any factor, or combination ...