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CoreWeave Expands Credit Facility to $1.5 Billion to Support Continued Growth

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CoreWeave (NASDAQ: CRWV), the AI Hyperscaler™, has significantly expanded its credit facility from $650 million to $1.5 billion through an agreement with major financial institutions including JPMorgan Chase, Goldman Sachs, Morgan Stanley, and MUFG. This represents an $850 million increase from their previous facility secured in October 2024.

The company plans to use the proceeds to enhance financial flexibility and support the global expansion of its AI cloud infrastructure platform. CoreWeave's technological leadership is evidenced by its recent collaboration with NVIDIA, being among the first to offer GB200 Grace Blackwell Superchips at scale, and achieving the highest Platinum ranking from SemiAnalysis.

CoreWeave (NASDAQ: CRWV), l'AI Hyperscaler™, ha ampliato significativamente la sua linea di credito da 650 milioni di dollari a 1,5 miliardi di dollari grazie a un accordo con importanti istituzioni finanziarie tra cui JPMorgan Chase, Goldman Sachs, Morgan Stanley e MUFG. Si tratta di un aumento di 850 milioni di dollari rispetto alla precedente linea ottenuta nell'ottobre 2024.

L'azienda intende utilizzare i fondi per migliorare la flessibilità finanziaria e supportare l'espansione globale della sua piattaforma cloud per l'intelligenza artificiale. La leadership tecnologica di CoreWeave è dimostrata dalla recente collaborazione con NVIDIA, essendo tra i primi a offrire su larga scala i GB200 Grace Blackwell Superchips, e dal conseguimento del massimo riconoscimento Platinum da SemiAnalysis.

CoreWeave (NASDAQ: CRWV), el AI Hyperscaler™, ha ampliado significativamente su línea de crédito de 650 millones a 1,5 mil millones de dólares mediante un acuerdo con importantes instituciones financieras como JPMorgan Chase, Goldman Sachs, Morgan Stanley y MUFG. Esto representa un aumento de 850 millones de dólares respecto a la línea anterior asegurada en octubre de 2024.

La compañía planea usar los fondos para mejorar su flexibilidad financiera y apoyar la expansión global de su plataforma de infraestructura de nube para IA. El liderazgo tecnológico de CoreWeave queda demostrado por su reciente colaboración con NVIDIA, siendo de los primeros en ofrecer a gran escala los GB200 Grace Blackwell Superchips, y por haber alcanzado la máxima calificación Platinum de SemiAnalysis.

CoreWeave (NASDAQ: CRWV), AI 하이퍼스케일러™,가 JPMorgan Chase, Goldman Sachs, Morgan Stanley, MUFG 등 주요 금융기관과의 협약을 통해 신용 한도를 6억 5천만 달러에서 15억 달러로 대폭 확대했습니다. 이는 2024년 10월에 확보한 이전 한도보다 8억 5천만 달러 증가한 규모입니다.

회사는 이 자금을 재정적 유연성 강화와 AI 클라우드 인프라 플랫폼의 글로벌 확장 지원에 사용할 계획입니다. CoreWeave의 기술적 리더십은 NVIDIA와의 최근 협력, GB200 Grace Blackwell 슈퍼칩을 대규모로 최초 제공한 점, 그리고 SemiAnalysis로부터 최고 등급인 플래티넘을 받은 사실로 입증됩니다.

CoreWeave (NASDAQ : CRWV), l’AI Hyperscaler™, a considérablement augmenté sa facilité de crédit, passant de 650 millions à 1,5 milliard de dollars, grâce à un accord avec des institutions financières majeures telles que JPMorgan Chase, Goldman Sachs, Morgan Stanley et MUFG. Cela représente une augmentation de 850 millions de dollars par rapport à la facilité précédente obtenue en octobre 2024.

L’entreprise prévoit d’utiliser ces fonds pour renforcer sa flexibilité financière et soutenir l’expansion mondiale de sa plateforme d’infrastructure cloud dédiée à l’intelligence artificielle. Le leadership technologique de CoreWeave est illustré par sa récente collaboration avec NVIDIA, étant parmi les premiers à proposer à grande échelle les GB200 Grace Blackwell Superchips, ainsi que par l’obtention de la plus haute distinction Platinum de SemiAnalysis.

CoreWeave (NASDAQ: CRWV), der AI Hyperscaler™, hat seine Kreditfazilität von 650 Millionen auf 1,5 Milliarden US-Dollar deutlich erweitert, dank einer Vereinbarung mit bedeutenden Finanzinstituten wie JPMorgan Chase, Goldman Sachs, Morgan Stanley und MUFG. Dies stellt eine Steigerung um 850 Millionen US-Dollar gegenüber der zuvor im Oktober 2024 gesicherten Fazilität dar.

Das Unternehmen plant, die Mittel zur Verbesserung der finanziellen Flexibilität und zur Unterstützung der globalen Expansion seiner KI-Cloud-Infrastrukturplattform einzusetzen. Die technologische Führungsrolle von CoreWeave zeigt sich in der jüngsten Zusammenarbeit mit NVIDIA, als eines der ersten Unternehmen, die GB200 Grace Blackwell Superchips in großem Maßstab anbieten, sowie in der höchsten Platinum-Bewertung von SemiAnalysis.

Positive
  • Secured $850 million increase in revolving credit facility, bringing total to $1.5 billion
  • Strong backing from major financial institutions demonstrates market confidence
  • Early access to NVIDIA's GB200 Grace Blackwell Superchips positions company competitively
  • Achieved highest Platinum ranking from SemiAnalysis, validating market leadership
Negative
  • Increased debt exposure through expanded credit facility
  • Potential interest rate burden from larger credit facility

The expansion includes an $850 million increase to the revolving credit facility

LIVINGSTON, N.J., May 6, 2025 /PRNewswire/ -- CoreWeave, Inc. (Nasdaq: CRWV), the AI Hyperscaler™, today announced that it entered into an agreement with JPMorgan Chase Bank, Goldman Sachs, Morgan Stanley and MUFG, with participation from Credit Agricole, Deutsche Bank, Societe Generale, Sumitomo Mitsui Banking Corporation and Wells Fargo, to, among other things, increase the company's revolving credit facility from $650 million to $1.5 billion and extend the maturity date. The proceeds from this agreement will enhance the company's financial flexibility and enable it to continue growing its leading AI cloud infrastructure platform globally.

CoreWeave previously closed a $650 million revolving credit facility in October 2024.

CoreWeave is the leading AI cloud infrastructure provider and is consistently one of the first-to-market with the most advanced hardware and software solutions. Last month, NVIDIA and CoreWeave announced that CoreWeave is among the first AI cloud providers offering GB200 Grace Blackwell Superchips at scale, after CoreWeave reported a record-breaking MLPerf inference benchmark with the GB200 system. The company is also the only hyperscaler to achieve the highest Platinum ranking from SemiAnalysis, an independent AI industry research and analysis group.

About CoreWeave
CoreWeave, the AI Hyperscaler™, delivers a cloud platform of cutting-edge software powering the next wave of AI. The company's technology provides enterprises and leading AI labs with cloud solutions for accelerated computing. Since 2017, CoreWeave has operated a growing footprint of data centers across the US and Europe. CoreWeave was ranked as one of the TIME100 most influential companies and featured on Forbes Cloud 100 ranking in 2024. Learn more at www.coreweave.com.

Forward-Looking Statements
This press release contains forward-looking statements based on management's expectations, assumptions, and projections using information available at the time the statements were made. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions. It is not possible for CoreWeave's management to predict all risks, nor can CoreWeave assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements CoreWeave may make. In light of these risks, uncertainties, and assumptions, CoreWeave's actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Further information on risks that could cause actual results to differ materially from forecasted results are, or will be included, in the filings CoreWeave makes with the Securities and Exchange Commission from time to time, including the Prospectus dated March 27, 2025, filed on March 31, 2025 pursuant to Rule 424(b) under the Securities Act of 1933, as amended, relating to the Registration Statement on Form S-1, as amended (File No. 333-285512). Except as required by law, CoreWeave assumes no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

 

Cision View original content:https://www.prnewswire.com/news-releases/coreweave-expands-credit-facility-to-1-5-billion-to-support-continued-growth-302447681.html

SOURCE CoreWeave

FAQ

What is the new credit facility amount for CoreWeave (CRWV) and how much did it increase?

CoreWeave's credit facility was expanded to $1.5 billion, representing an $850 million increase from its previous $650 million facility secured in October 2024.

Which banks are involved in CoreWeave's new credit facility?

The credit facility involves JPMorgan Chase Bank, Goldman Sachs, Morgan Stanley, MUFG, Credit Agricole, Deutsche Bank, Societe Generale, Sumitomo Mitsui Banking Corporation, and Wells Fargo.

How will CoreWeave (CRWV) use the proceeds from the expanded credit facility?

CoreWeave will use the proceeds to enhance financial flexibility and support the global expansion of its AI cloud infrastructure platform.

What recent technological achievement has CoreWeave announced with NVIDIA?

CoreWeave is among the first AI cloud providers to offer GB200 Grace Blackwell Superchips at scale, achieving a record-breaking MLPerf inference benchmark with the GB200 system.

What is CoreWeave's current ranking from SemiAnalysis?

CoreWeave is the only hyperscaler to achieve the highest Platinum ranking from SemiAnalysis, an independent AI industry research and analysis group.
CoreWeave, Inc.

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