CoreWeave is close to securing $8.5 billion in guaranteed financing for the "AI Chips + Meta contract."
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AI cloud computing company CoreWeave is seeking $8.5 billion in debt financing to solidify its position in the AI infrastructure market. The financing will be secured by AI chips and a cloud services contract with Meta, with an expected interest rate of around 6%. This financing is expected to receive an A- rating, marking an improvement in the company's creditworthiness and attracting more institutional investors. Morgan Stanley and MUFG will participate in this debt subscription. CoreWeave plans to expand its debt financing to address challenges from competitors such as Amazon, Microsoft, and Google
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