CoreWeave Closes $3.1 Billion GPU-Backed Loan as Investor Orders Top $19 Billion

CoreWeave has closed a $3.1 billion delayed draw term loan facility that drew more than $19 billion in investor orders, underscoring an intense appetite for debt tied to the buildout of artificial intelligence infrastructure. The financing, arranged by Morgan Stanley and Mitsubishi UFJ Financial Group, is the company's first publicly syndicated facility backed by GPU and high-performance computing assets, opening the secondary market to a form of borrowing that had previously changed hands only in private deals.