InfraCompute / Deals
CoreWeave: DDTL 3.0
GPU secured for CoreWeave, 28 July 2025.
Key terms
- Borrower or issuer
- CoreWeave
- Date
- 28 July 2025
- Structure
- GPU secured
- Amount
- US$2.6bn
- Pricing
- 400 basis points over daily compounded SOFR
- Maturity
- 21 August 2030
Recorded terms
- Lender type
- Bank loansNamed lender: Morgan Stanley Asset Funding
- Recourse
- Parent guaranteed; distinct borrower/security arrangements
- Maturity
- 21 August 2030
- Capacity usd m
- 2600As of 28 July 2025
Selected field only; not an independently approved claim.
- Margin bp
- 400As of 28 July 2025
Selected field only; not an independently approved claim.
- Undrawn fee bp
- 50As of 28 July 2025
Selected field only; not an independently approved claim.
Similar financings
Same structure, other borrowers, closest in date.
More from CoreWeave
Filed documents and legal terms
The documents behind this financing that are filed on SEC EDGAR, with the governing law each states. Read any document in full before relying on it; filers may redact commercial terms.
- Filed documents
- 2
- Governing law
- New York law
- Quoted in the clause and contract libraries
- 1
THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.
From the Credit Agreement (Ex 10.1), filed with the SEC.
| Filed document | Dated | Governing law | In InfraCompute |
|---|---|---|---|
| Credit Agreement (Ex 10.1) | 28 July 2025 | New York law | Quoted: Customer contract cash trap and contract value ratio |
| Parent Guarantee and Pledge Agreement (Ex 10.2) | 28 July 2025 | New York law | – |
In-house counsel working on similar terms? Ask Randeep for a market check or see what is market.
For counsel on this deal
Acting for a lender, borrower or sponsor on a financing like this? Start from the filed precedents. Previews are open; the full text is free with InfraCompute Weekly.
Sources
- CoreWeave DDTL3 Form 8-KSource date: 28 July 2025
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
