CoreWeave secures lower borrowing costs on $3.1 billion loan

10 articles · Updated · Bloomberg · May 5

The margin tightened by 50 basis points to 4.5 percentage points above the benchmark after the financing drew more than $15 billion in investor orders.
The first-of-its-kind loan is backed by customer contracts for microchips, reflecting lenders' appetite for exposure to the artificial intelligence boom.
The deal shows how AI-linked companies can win cheaper financing as strong demand from investors improves terms on large, structured borrowings.

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