CRWV CoreWeave, Inc.
Price Chart
Executive Summary
CoreWeave closed a $3.1 billion delayed draw term loan facility (DDTL 5.0) on May 15, 2026, marking the first publicly syndicated HPC-backed financing of its kind. The facility was oversubscribed and pricing tightened 50 bps to SOFR + 4.50% during syndication. Proceeds will fund GPU infrastructure deployment for two large customer contracts. The parent guarantees the facility, which is secured by substantially all assets of the borrower and its subsidiaries.
Key Financial Metrics
Actionable Insight
The DDTL 5.0 facility provides CoreWeave with substantial capital to fund committed GPU deployments, supporting revenue growth. Monitor drawdown pace and leverage metrics. The oversubscribed syndication and pricing improvement signal strong institutional appetite for AI infrastructure-backed credit, potentially paving the way for future securitization or public debt offerings.
Key Facts
- $3.1 billion delayed draw term loan facility (DDTL 5.0) closed May 15, 2026
- Maturity: November 15, 2031 (~5.5 years)
- Interest: SOFR + 4.50% (for SOFR loans) with 0% floor
- Undrawn commitment fee: 0.50% per annum
- Facility oversubscribed; pricing tightened by 50 bps during syndication
- Proceeds used to finance capital expenditures for two non-investment grade customer contracts
- Guaranteed by parent CoreWeave, Inc.; secured by substantially all assets and 100% equity pledge of borrower
Financial Impact
$3.1 billion in new debt capacity
Risk Factors
- Added leverage increases interest expense and debt service obligations
- Facility secured by substantially all assets, limiting financial flexibility
- Customer concentration risk as proceeds fund two contracts
- Potential dilution from parent-level guarantees if financial stress occurs
Market Snapshot
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001769628-26-000236 |
| Exhibit: ex102.htm | 0001769628-26-000236 |
| Exhibit: ex9912.htm | 0001769628-26-000236 |
| Document: crwv-20260515.htm | 0001769628-26-000236 |
| Document: 0001769628-26-000236-index-headers.html | 0001769628-26-000236 |
| Document: 0001769628-26-000236-index.html | 0001769628-26-000236 |
| Document: 0001769628-26-000236.txt | 0001769628-26-000236 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 12, 2026
today
|
Insider Cluster
| $101.15 awaiting T+1 | awaiting T+1 | — | $100.55 (−0.59%) |
|
Jun 11, 2026
1d ago
|
Insider Cluster
| $96.17 awaiting T+1 | awaiting T+1 | — | $100.55 (+4.56%) |
|
Jun 11, 2026
2d ago
|
Institutional Cluster
| $96.30 awaiting T+1 | awaiting T+1 | — | $100.55 (+4.41%) |
|
Jun 11, 2026
2d ago
|
8-K
| $96.20 awaiting T+1 | awaiting T+1 | — | $100.55 (+4.52%) |
|
Jun 5, 2026
7d ago
|
Insider Cluster
| $98.81 awaiting T+1 | awaiting T+1 | — | $100.55 (+1.76%) |
|
Jun 5, 2026
7d ago
|
Insider Cluster
| $98.81 awaiting T+1 | awaiting T+1 | — | $100.55 (−1.76%) |
|
Jun 5, 2026
7d ago
|
S-3ASR
| $98.91 awaiting T+1 | awaiting T+1 | — | $100.55 (+1.66%) |
|
Jun 5, 2026
8d ago
|
Insider Cluster
| $104.64 awaiting T+1 | awaiting T+1 | — | $100.55 (−3.90%) |
|
Jun 4, 2026
9d ago
|
Insider Cluster
| $108.03 $100.39 | ▲ +7.07% | ▲ +4.47% | $100.55 (+6.92%) |
|
Jun 3, 2026
9d ago
|
Insider Cluster
| $108.03 $100.39 | ▼ −7.07% | ▼ −4.50% | $100.55 (−6.92%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access