Tools / GPU loan summaries / CoreWeave DDTL 2.0
InfraCompute Tools · GPU loan summaries
CoreWeave DDTL 2.0: the credit agreement on one page.
The Credit Agreement (S-1 Exhibit 10.13) 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. IV, LLC
- Sponsor
- CoreWeave
- Signed
- 16 May 2024
- Commitments
- $7,500m
- Administrative agent
- U.S. Bank Trust Company, National Association
- Arrangers and lenders
- Blackstone funds as lead lenders, with Magnetar
- Governing law
- New York
- The filed agreement
- Credit Agreement (S-1 Exhibit 10.13)
- In the deal register
- The deal record
- Company profile
- What CoreWeave has signed
The terms
Eight terms
| Term | Position |
|---|---|
| Facility size | US$7.5bn: US$5.66bn at signing plus room to add |
| Pricing | SOFR + 6.00% to 6.50% for investment grade contracts, 13.00% for the rest |
| Final maturity | 5 years from each drawing |
| The customer contract | Investment grade and other customer contracts, sized and priced apart |
| Financial covenant | Contract coverage ratios and a cap on non investment grade collateral (levels redacted) |
| Cash trap and sweep | As 1.0, and distributions held back while a customer has not accepted its GPUs |
| Prepayment premium | Make-whole for 30 months 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.
