CoreWeave Secures $2.6 Billion for AI Infrastructure Expansion

Aug 1, 2025
CoreWeave has secured a $2.6 billion debt financing facility to enhance its AI infrastructure for OpenAI, led by Morgan Stanley and MUFG.

CoreWeave has secured a $2.6 billion delayed draw term loan facility, as announced on July 31, 2025. This financing, led by Morgan Stanley and MUFG, will be used to purchase and maintain advanced equipment and cloud infrastructure systems to support a long-term agreement with OpenAI announced on their website.

The facility, known as DDTL 3.0, is part of CoreWeave's strategy to expand its high-performance infrastructure footprint and meet the increasing demand for AI services. The financing follows a recent $1.75 billion Senior Notes offering and contributes to the company's total capital commitments exceeding $25 billion over the past 18 months.

CoreWeave's Chief Development Officer, Brannin McBee, emphasized the importance of this transaction in lowering the company's cost of capital and enhancing its ability to provide specialized AI cloud platforms at scale. The facility is secured by the assets of CoreWeave Compute Acquisition Co. VII, LLC, and is set to mature on August 21, 2030.

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