CoreWeave adds $3.0 billion delayed draw term loan tranche to its DDTL 2.0 credit agreement
CoreWeave's subsidiary CCAC IV signed a September 29, 2025 amendment adding a $3.0 billion delayed draw term loan tranche to its existing DDTL 2.0 credit agreement. The borrowings are earmarked for equipment, hardware and infrastructure used to provide services to investment grade and unrated strategic customers, and the new debt carries a base rate or term SOFR-based interest rate with a 4.25% or 3.25% margin, depending on the loan type.
Key points
- Incremental $3.0 billion delayed draw term loan tranche added via the Fifth Amendment, dated September 29, 2025
- Tranche is available in draws until commitment termination in March 2026; each draw matures five years after funding
- Term SOFR loans priced at 4.25% plus three-month term SOFR; upfront fee of 1.50% on each draw; 3.00% commitment fee on undrawn amounts up to $2.4 billion
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 02, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.