CoreWeave, Inc. (Nasdaq: CRWV) has closed an $8.5 billion delayed draw term loan facility (DDTL 4.0 Facility). The facility's primary purpose is to finance capital expenditures, including the acquisition of GPU servers and related infrastructure, to fulfill a customer contract. It also provides funding for liquidity and power reserve accounts and covers associated transaction costs. The DDTL 4.0 Facility has a maturity date of March 31, 2032. Initial borrowing capacity is approximately $7.5 billion, with the potential to increase to $8.5 billion as underlying assets reach stabilization. The financing received investment-grade ratings of A3 by Moody's and A (low) by DBRS, a first for HPC infrastructure-backed financing with an associated customer contract. The facility includes a floating rate tranche financed at SOFR + 2.25% and a fixed rate tranche financed at approximately 5.9%. An undrawn fee of 0.50% per annum is payable monthly in arrears on the actual daily undrawn portion of the facility. Obligations under the facility are guaranteed by CoreWeave, Inc. on a limited recourse basis for specified bad acts, and unconditionally by the Borrower's subsidiaries, secured by substantially all assets of CoreWeave Compute Acquisition Co. VIII, LLC and its subsidiaries, and a pledge of 100% of the equity interests in CoreWeave Compute Acquisition Co. VIII, LLC.