CoreWeave completes $2.6 billion AI infrastructure loan financing

On August 10, CoreWeave announced that it had closed a $2.6 billion delayed draw term loan facility to support the ongoing expansion of its AI cloud platform and committed customer deployment projects, with a financing term of approximately five years. The proceeds from the financing will be used to procure and deploy high-performance computing (HPC) infrastructure dedicated to customer contracts. (Jiemian)