Debt financing facility · AI
CoreWeave secures $2.3bn debt facility for GPU infrastructure
Magnetar and Blackstone lead the August 2023 facility to fund hardware for contracted computing demand.
CoreWeave announced a debt financing facility of up to $2.3 billion on August 3, 2023, led by Magnetar and Blackstone. Participants included Coatue, DigitalBridge Credit, BlackRock, PIMCO, Carlyle and Great Elm.
The GPU cloud provider allocated the financing to hardware for existing customer contracts and recruitment. The figure describes the facility’s capacity rather than cash drawn in a single payment.
Use of funds
Purchase hardware for contracted customers
Recruit staff
Funding history
Debt financing facility · This round≤$2.3B