Tools / GPU loan summaries / CoreWeave DDTL 1.0
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CoreWeave DDTL 1.0: the credit agreement on one page.
The Credit Agreement (S-1 Exhibit 10.8) filed on SEC EDGAR, summarised on the eight terms in-house teams negotiate first, each checked against the filed text.
- Borrower
- CoreWeave Compute Acquisition Co. II, LLC
- Sponsor
- CoreWeave
- Signed
- 30 July 2023
- Commitments
- $2,300m
- Administrative agent
- U.S. Bank Trust Company, National Association
- Arrangers and lenders
- Blackstone and Magnetar as lead lenders
- Governing law
- New York
- The filed agreement
- Credit Agreement (S-1 Exhibit 10.8)
- In the deal register
- The deal record
- Company profile
- What CoreWeave has signed
The terms
Eight terms
| Term | Position |
|---|---|
| Facility size | US$2.3bn delayed draw |
| Pricing | SOFR + 8.75% |
| Final maturity | Earlier of 5 years from closing and 4 years after the draw period |
| The customer contract | Two named master services agreements (names redacted) |
| Financial covenant | Minimum liquidity: the greater of US$50m and 16% of the loans |
| Cash trap and sweep | Distributions only with no default, no payment shortfall and the liquidity met |
| Prepayment premium | Make-whole plus 1% until year 3 after the draw period |
| Change of control | Sponsors below 50.1% of CoreWeave, or CoreWeave below 100% of the borrower; loans repaid |
Each term links to the same term across all 12 filed facilities. Subscribers see the filed wording below.
Compare
The other filed facilities
Method
The agreements are the exhibits filed on SEC EDGAR as at 28 October 2026, in the form filed: later amendments can change any term, and redacted figures are shown as redacted. Every quotation is checked against the filed document before it is published, and the build stops on any that has not been. The position beside each quotation is a plain summary of it. Nothing here comments on the credit of any borrower or sponsor. General information drawn from public filings. It is not legal advice on any transaction, and using this page does not create a lawyer-client relationship. Views are personal.
