InfraCompute / Deals
CoreWeave: equipment-financing aggregate at year-end 2024
Corporate credit for CoreWeave, 31 December 2024.
Key terms
- Borrower or issuer
- CoreWeave
- Date
- 31 December 2024
- Structure
- Corporate credit
- Amount
- US$1.3bn
- Pricing
- effective interest rates 9% to 11%As stated in the source below
- Security
- Security interest in financed equipment
Recorded terms
- Lender type
- Lender type not establishedNo lender named in the public sources held
- Amount m · earlier observation
- 1300As of 11 March 2025
Selected source field only; no all-in-cost or current-balance conclusion.
- Event date · earlier observation
- 31 December 2024As of 11 March 2025
Selected source field only; no all-in-cost or current-balance conclusion.
- Name · earlier observation
- Equipment-financing aggregate at year-end2024As of 11 March 2025
Selected source field only; no all-in-cost or current-balance conclusion.
- Event date
- 31 December 2024As of 11 March 2025
Full dated draws, repayments, fees, hedge costs and reserves remain unknown; no actual all-in cost eligibility. Accounting effective-rate range is not a uniform coupon or actual comparable cash-flow IRR.
- Accounting effective rate range pct
- {"high": 11, "low": 9}As of 11 March 2025
Full dated draws, repayments, fees, hedge costs and reserves remain unknown; no actual all-in cost eligibility. Accounting effective-rate range is not a uniform coupon or actual comparable cash-flow IRR.
- Agreement terms
- Two to three yearsAs of 11 March 2025
Full dated draws, repayments, fees, hedge costs and reserves remain unknown; no actual all-in cost eligibility. Accounting effective-rate range is not a uniform coupon or actual comparable cash-flow IRR.
- Security
- Security interest in financed equipmentAs of 11 March 2025
Full dated draws, repayments, fees, hedge costs and reserves remain unknown; no actual all-in cost eligibility. Accounting effective-rate range is not a uniform coupon or actual comparable cash-flow IRR.
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 shall be governed by and interpreted in accordance with the laws of the State of New York, without regard to its principles regarding conflicts of law.
From the Master Services Agreement, Bare Metal Environment, with OpenAI OpCo (S-1/A Ex 10.24), filed with the SEC.
| Filed document | Dated | Governing law | In InfraCompute |
|---|---|---|---|
| Second MSA, Bare Metal Environment, with OpenAI OpCo (S-4/A Ex 10.32) | 8 May 2025 | New York law | – |
| Master Services Agreement, Bare Metal Environment, with OpenAI OpCo (S-1/A Ex 10.24) | 7 March 2025 | New York law | Quoted: Customer default: fees for the rest of the term · Quoted: Customer step-in on provider insolvency · Quoted: Assignment to lenders and change of control |
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Sources
- CoreWeave March 2025 S-1/A — OEM financing aggregateSource date: 11 March 2025
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
