US EditionCoreWeave Expands Credit Facility to $1.5 Billion to Support Continued Growth
- On May 6, 2025, CoreWeave, Inc., based in Livingston, N.J., announced it has secured an additional $850 million to increase its existing $650 million revolving loan agreement, raising the total borrowing capacity to $1.5 billion.
- The expansion results from an agreement with several banks, including JPMorgan Chase, Goldman Sachs, Morgan Stanley, and others, extending the maturity date.
- CoreWeave, a prominent provider of AI cloud infrastructure with facilities located throughout the United States and Europe, recently partnered with NVIDIA to deliver GB200 Grace Blackwell Superchips on a large scale.
- The $850 million increase aims to enhance CoreWeave’s financial flexibility and support continued global growth of its AI cloud platform, which was ranked among the TIME100 most influential companies in 2024.
- The expanded facility implies stronger funding capacity but involves forward-looking risks that may affect actual results and financial projections.
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Total News Sources45
Leaning Left3Leaning Right3Center13Last UpdatedBias Distribution68% Center
Bias Distribution
- 68% of the sources are Center
68% Center
L 16%
C 68%
R 16%
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