CoreWeave

Seniority

Senior unsecured; guaranteed by the subsidiaries that guarantee the 9.250% 2030, 9.000% 2031, 9.750% 2031, 9.625% 2032 and 8.500% 2032 notes and the 2031 and 2032 converts

Maturity

2033-04-01

Lenders

144A QIBs; U.S. Bank Trust Co. (trustee)

Pricing

Payable semiannually on April 1 and October 1, from 2027-04-01

Terms

$4.2B aggregate principal, closed 2026-09-22 in a Rule 144A private offering. Includes the $500M initial purchasers' option, exercised in full. Priced 2026-09-18 at $3.7B, upsized from the $3.0B proposed on 2026-09-17. Initial conversion rate 10.2194 shares per $1,000 principal (conversion price about $97.85, a 22.50% premium to the $79.88 close on 2026-09-17). Net proceeds $4,137.0M before offering expenses. Capped calls cost about $566.2M, including additional capped calls entered 2026-09-18 for the option notes; initial cap price $199.70 (150% premium). The remainder is for general corporate purposes. Optional redemption from 2030-04-05, subject to a 130% stock-price test. The 9/17 8-K also filed an Equity Distribution Agreement for up to 35,000,000 Class A shares (at-the-market and collared forward sales), not a credit row.

Source: 8-K 9/22/26 Item 1.01 (closing; Indenture EX-4.1), acc 0001769628-26-000432; pricing release 2026-09-18; proposal 8-K 9/17/26 acc 0001769628-26-000429 · document

Borrower

CoreWeave Financing DDTL V-V, LLC (borrower), an indirect subsidiary of CoreWeave, Inc.; equity held by CW Financing DDTL V-V Holdco, LLC

Seniority

Senior secured; unconditionally guaranteed by CoreWeave, Inc. (parent) under a Parent Guarantee and Pledge Agreement dated 2026-08-07, and by the borrower's subsidiaries under a collateral agreement

Maturity

2031-09-01 — Schedule 2.08 amortization plus the excess-cash sweep; remainder due Sep 1, 2031.

Collateral

Substantially all assets of the borrower and its subsidiaries, plus a pledge of 100% of the equity interests in the borrower held by CW Financing DDTL V-V Holdco, LLC (8-K). Underlying: GPUs and ancillary components under take-or-pay contracts (Anthropic, Jane Street, Midjourney, Hudson River Trading, Anysphere — PitchBook LCD/FT). DSCR >=1.35x, tested from the first full calendar month after the earlier of (a) commitments reduced to zero and (b) 2026-12-31. $112.5M minimum liquidity until 12 months pre-maturity; lockbox in place until half the debt is repaid, and also triggered if the lease rate drops below a threshold (FT term sheet). Events of default include cross-defaults, change of control, bankruptcy, and adverse events with respect to certain material contracts. Renewal: at the end of each initial contract, the borrower may renew it or re-lease the capacity to other customers (release). A replacement contract needs a tenor of at least six months and a Qualified Customer: certified as able to perform, or approved by Required Lenders, with no rating floor. If an expiring contract is not renewed or replaced by the Renewal Deadline, the borrower prepays until projected debt service coverage is at least 1.35x in each later month and the projected contract value ratio is at least 2.40x. Uncontracted periods are projected on the base case model (credit agreement s.2.09(b)(iii)).

Offtaker

Five redacted initial customer contracts; release: diverse AI, financial services and tech customers averaging about three years

Lenders

JPMorgan Chase Bank, N.A. (administrative agent; joint lead arranger, joint bookrunner, syndication agent) · MUFG Bank, Ltd. (joint lead arranger, joint bookrunner, syndication agent) · U.S. Bank Trust Company, N.A. (collateral agent) · U.S. Bank National Association (depositary bank) · Syndicate not named

Pricing

Term SOFR (0.00% floor) + 5.50%; base rate loans at base rate (0.00% floor) + 4.50%, base rate = highest of prime, fed funds effective + 0.50%, one-month Term SOFR + 1.00%. Undrawn fee 0.50% per annum on the average daily undrawn portion, payable monthly in arrears. Spread and floor confirmed by the 8-K. 97 OID and the ~10.44% yield-to-maturity remain press-sourced (PitchBook LCD) — not in the filing.

Terms

Committed $2.6B; $1.2B drawn subsequent to the 2026-08-07 closing (Q2 2026 10-Q (filed 8/12/26) subsequent events; also states the facility matures September 2031). Draws available in one or more draws until the commitment termination date in December 2026 (8-K). Purpose per the filing: to finance capital expenditures required to perform certain customer contracts, including the acquisition of GPU servers and related infrastructure. Undrawn fee 0.50% per annum on the average daily undrawn portion, payable monthly in arrears. Close read 2026-10-02: 70% of capex advance; 100% excess-cash sweep to the $1.3B Minimum DDTL Amount; cash trap below 2.40x projected contract value, a full sweep after three months; make-whole in year 1, then 2% and 1%, first $260M free; Schedule 2.08 amortization with the remainder due Sep 1, 2031.

Source: 8-K, Items 1.01/2.03/7.01 (event 2026-08-07, filed 2026-08-10), acc. 0001769628-26-000357. Credit Agreement filed as EX-10.1; Parent Guarantee and Pledge Agreement as EX-10.2. · document

Seniority

Senior unsecured; guaranteed by CoreWeave Cash Management LLC, CoreWeave Debt HoldCo I, LLC and Weights and Biases, LLC (the Revolving Credit Facility guarantors)

Maturity

2032-07-15

Lenders

144A; U.S. Bank Trust Co. (trustee)

Pricing

Make-whole (Treasury + 50bps, 1% floor) before 2029-07-15; then callable from July 15 at 104.813 (2029), 102.406 (2030), 100.000 (2031 on). 40% equity clawback at 109.625; change-of-control put at 101.

Terms

No filed issue price (the launch release states only the intended $3.5B two-tranche total). 2026 incurrence package: $2,500.0M credit-facility basket plus the greater of $1,000.0M and 25.0% of LTM EBITDA; 6.00:1.00 total-leverage ratio test; covenant suspension on investment-grade status. ~10% effective rate per the Q2 2026 10-Q (rounded).

Source: 8-K 6/18/26 (USD/EUR notes), indenture filed as EX-4.1, acc 0001769628-26-000291; 10-Q Note 10 · document

Seniority

Senior unsecured; guaranteed by CoreWeave Cash Management LLC, CoreWeave Debt HoldCo I, LLC and Weights and Biases, LLC (the Revolving Credit Facility guarantors)

Maturity

2032-07-15

Lenders

U.S. Bank Trust Co. (trustee) · U.S. Bank Europe DAC (registrar and transfer agent; paying agent via the UK branch)

Pricing

Make-whole (Bund Rate + 50bps, 1% floor) before 2029-07-15; then callable from July 15 at 104.250 (2029), 102.125 (2030), 100.000 (2031 on). 40% equity clawback at 108.500; change-of-control put at 101.

Terms

€2,000M (~$2.3B; $2,279M carrying value at 2026-06-30), €100,000 minimum denominations. Listing covenant on The International Stock Exchange; withholding gross-up via an additional-amounts provision. Same 2026 incurrence package as the USD notes: $2,500.0M credit-facility basket, 6.00:1.00 ratio test, investment-grade covenant suspension. June 2026: cross-currency interest rate swaps designated as a fair-value hedge of the 2032 EUR notes (Q2 2026 10-Q (filed 8/12/26)).

Source: 8-K 6/18/26 (USD/EUR notes), indenture filed as EX-4.3, acc 0001769628-26-000291; 10-Q Note 10 · document

Borrower

CoreWeave Financing DDTL V, LLC (borrower); full CoreWeave, Inc. guarantee with CW Financing DDTL V Holdco, LLC pledge

Seniority

Senior secured (SPV); parent guarantee

Maturity

2031-11-15

Collateral

All borrower assets + 100% equity; filed advance rate 71.42% of funding-date capital expenditures plus fees at each draw, with no depreciation netting; GPU servers serve two customer master services agreements, both counterparties redacted in the filing

Offtaker

Two large non-investment-grade customers (redacted); one MSA assigned from the parent, one signed by the borrower

Lenders

MS Senior Funding (admin) · MUFG (lead) · Morgan Stanley (lead) · U.S. Bank Trust Co. (collateral)

Pricing

Daily SOFR + 4.50% (base rate + 3.50%), 0.00% floor; 0.50% per annum undrawn fee; fees otherwise in unfiled fee letters

Terms

$3.1B committed; $1,101M outstanding 6/30/26 at 9% effective (Q2 2026 10-Q (filed 8/12/26)). Availability to 2026-09-30; fixed maturity 2031-11-15. Monthly amortization from commitment termination on a filed percentage schedule (not attached), expected final payment May 2031, before the Nov 15, 2031 legal maturity (10-Q). Debt service coverage at or above 1.35:1.00, trailing three months, from the first monthly date after commitment termination. Minimum liquidity is a formula: three months of scheduled interest plus one month of scheduled principal. Call protection declines from the signing date: make-whole (Treasury + 50bps) in year one, 2.00% in year two, 1.00% in year three, none after. Cash trap on a material breach of either of two customer master services agreements (both names redacted) or a parent bankruptcy. 0.50% undrawn fee; upfront fees sit in unfiled fee letters. Monthly principal installments from November 2026; expected final payment May 2031 (Q2 2026 10-Q (filed 8/12/26)).

Source: 8-K 5/18/26, credit agreement filed as EX-10.1 (redacted) and parent guarantee as EX-10.2, acc 0001769628-26-000236 · document

Seniority

Senior unsecured; guaranteed by CoreWeave Cash Management LLC, CoreWeave Debt HoldCo I, LLC and Weights and Biases, LLC (the Revolving Credit Facility guarantors)

Maturity

2031-10-01

Lenders

144A; U.S. Bank Trust Co. (trustee)

Pricing

Make-whole (Treasury + 50bps, 1% floor) before 2028-10-01; then callable from October 1 at 104.875 (2028), 102.438 (2029), 100.000 (2030 on). 40% equity clawback at 109.750; change-of-control put at 101.

Terms

$1,750M base (2026-04-14) plus a $1,000M add-on issued at 102.000 (2026-04-21, First Supplemental Indenture), one class. Credit-facility basket enlarged against the 2025 indentures: $2,500.0M plus the greater of $1,000.0M and 25.0% of LTM EBITDA; 6.00:1.00 total-leverage ratio test; covenants suspend on investment-grade status. No filed issue price for the base tranche. ~10% effective rate per the Q2 2026 10-Q (rounded).

Source: 8-Ks 4/14/26 (notes + converts, indenture EX-4.1) and 4/21/26 (add-on, First Supplemental Indenture EX-4.1, acc 0001769628-26-000183) · document

Seniority

Senior unsecured; guaranteed by the subsidiaries that guarantee the 2030 notes, the 9.000% 2031 notes and the 2031 converts

Maturity

2032-10-01

Lenders

U.S. Bank Trust Co. (trustee) · Capped-call banks: Scotia, Barclays, Citi, JPM, Mizuho, MS, TD

Pricing

Conversion 8.3612 sh/$1,000 (~$119.60, 30.0% premium over the 2026-04-09 close); capped calls to $230.00 ($492.0M cost)

Terms

Includes the $500M initial purchasers' option, exercised in full; net proceeds $3,940.0M. No redemption before 2029-10-08, then at par only if the stock trades at 130% of the conversion price for 20 of 30 trading days; fundamental-change put at par; settlement in cash, shares or a combination at the issuer's election. Cross-default threshold: the greater of $200M and 5% of LTM EBITDA.

Source: 8-K 4/14/26 (notes + converts), indenture EX-4.3 and capped-call forms EX-10.1/10.2, acc 0001769628-26-000164 · document

Borrower

CoreWeave Compute Acquisition Co. VIII, LLC (borrower); CCAC VIII Holdco LLC pledgor under CoreWeave Debt Holdco I, LLC

Seniority

Senior secured (SPV); non-recourse — the filed limited guarantee covers only five bad-acts categories (fraud, willful misconduct causing material damage, misappropriation of collateral, voluntary bankruptcy, consent to involuntary relief) and never requires the parent to fund equity

Maturity

2032-03-31 — Monthly amortization per Schedule 2.08; any remaining principal due at maturity (Mar 31, 2032).

Collateral

All CCAC VIII assets + equity; filed advance rate 90% of funding-date capital expenditures plus fees at each draw, with no depreciation netting; ≥95% rate hedging + power hedging required. One customer contract, name redacted in the filed agreement; the release says 'leading AI enterprise'; Meta and the ~$19B backlog are press reports — first IG-rated GPU-backed financing (A3 Moody's / A-low DBRS), per CoreWeave release + Bloomberg 2026-03-31; the filed agreement redacts the customer's name.

Offtaker

Customer redacted in the filing; release: 'leading AI enterprise'; Meta per press

Lenders

MUFG (admin, coordinating lead arranger) · MS Asset Funding (coordinating lead arranger)

Pricing

Floating tranche daily SOFR + 2.25% (base rate + 1.25%); fixed tranche 2.00% + a blended Treasury margin (WAL 3.14y per filings); 0.00% floor; 0.50% undrawn fee; effective ~7% per filings

Terms

$8.5B committed in two filed tranches: $4,040.8M fixed-rate and $4,459.2M floating-rate; $2,837M outstanding 6/30/26 ($1.4B floating + $1.5B fixed; Q2 2026 10-Q (filed 8/12/26)); availability to 2027-06-30. Monthly amortization on a filed percentage schedule with site-based mechanics: delayed and stabilized data-center tranches, and top-up draws sized so projected debt service coverage holds at or above 1.20:1.00 through maturity. Maintenance covenant: debt service coverage at or above 1.15:1.00, trailing three months. Minimum liquidity is a formula (three months of scheduled interest, principal, swap settlements and operating expenses; the maximum three-month period after commitment termination) plus a power reserve account whose multiplier is redacted. Cash trap on a qualifying customer-agreement breach or a parent bankruptcy event. 0.50% undrawn fee. Customer and site identities are redacted in the filed agreement. Filed collateral at 6/30/26: $3.3B non-current + $155M current CCAC VIII assets (Q2 2026 10-Q (filed 8/12/26)). Close read 2026-10-02: make-whole at Treasury + 0.50% through Mar 31, 2032 on optional prepayments, non-permitted-debt prepayments and acceleration; the borrower is non-recourse to CoreWeave apart from bad acts.

Source: 8-K 3/31/26, credit agreement filed as EX-10.1 (redacted) and limited guarantee as EX-10.2, acc 0001769628-26-000129; 10-Q · document

Seniority

Senior unsecured; guaranteed by the subsidiaries that guarantee the 9.250% 2030 and 9.000% 2031 notes

Maturity

2031-12-01

Lenders

144A; U.S. Bank Trust Co. (trustee) · Capped-call banks: Wells Fargo, Citi, Barclays, Morgan Stanley, Societe Generale, TD, Goldman Sachs

Pricing

Conversion 9.2764 sh/$1,000 (~$107.80, ~25% premium); capped calls to $215.60 (~$340.0M cost)

Terms

Includes the $337.5M initial purchasers' option, exercised in full; net proceeds ~$2,542.2M. No redemption before 2028-12-05, then at par only if the stock trades at 130% of the conversion price for 20 of 30 trading days; fundamental-change put at par; settlement in cash, shares or a combination at the issuer's election. Cross-default threshold: the greater of $200M and 5% of LTM EBITDA.

Source: 8-K 12/11/25 (converts), indenture EX-4.1 and capped-call forms EX-10.1/10.2, acc 0001769628-25-000105; 10-K · document

Borrower

CoreWeave, Inc. (issuer); holders = former Monolith AI shareholders

Seniority

Unsecured

Maturity

2026-04-24 — 4/24/26 if share-settled; 5/5/26 if cash-settled

Collateral

None disclosed

Lenders

Certain former shareholders of Monolith AI Limited

Pricing

Zero coupon; 7% effective per FY25 10-K debt table

Terms

Debt-footnote principal $172M; securities-law issuance figure $185M incl. $13M vesting-conditioned (compensation-linked) — two filed bases, not conflated. Zero coupon; 7% effective in the FY25 10-K table ($168M net carrying). SETTLED IN FULL April 2026 in Class A shares at a $106.61 conversion price (Q1-26 10-Q).

Source: FY25 10-K (issuance); Q1-26 10-Q (settlement) · document

Borrower

CCAC IV LLC (incremental tranche to DDTL 2.0)

Seniority

Senior secured (SPV); DDTL 2.0 collateral package

Maturity

2031-03 — Quarterly amortization from Jul 2026

Collateral

DDTL 2.0 collateral package; filed advance rates for this tranche: 90% of Albatross and 75% of OpenAI capital expenditures (both counterparties named in the conformed agreement; the agreement defines the Albatross MSA as CoreWeave's Master Services Agreement with Microsoft Corporation), net of six-year straight-line depreciation

Offtaker

Microsoft (the Albatross MSA) and OpenAI, both named in the conformed agreement

Lenders

U.S. Bank Trust Co. (admin/collateral) · Lenders party thereto

Pricing

SOFR + 4.25% (base rate + 3.25%), 0.00% floor; 1.50% upfront on draws; one-time 3.00% commitment fee on any shortfall below the $2.4B minimum funded amount; effective ~9% per filings

Terms

$3.0B Fifth Amendment tranche commitments; $3,000M outstanding 3/31/26; minimum funded amount $2.4B, and a shortfall is a fee event, never a default. Availability ran from the Fifth Amendment date to 2026-03-31 (extendable); each draw matures five years from funding. Repayment holds the tranche's contract-coverage ratio at 1.40:1.00. Minimum liquidity the greater of $10M and 1.0% of tranche outstanding. Call protection: make-whole until 30 months after the tranche's commitment termination.

Source: 8-K 10/2/25 (Fifth Amendment, conformed agreement as EX-10.1), acc 0001193125-25-227562; 10-K 3/2/26 debt note · document

Borrower

CCAC V + CCAC VII LLC (borrowers)

Seniority

Senior secured (SPV); parent guarantee of CCAC VII

Maturity

2030-08-21 — Monthly amortization from Apr 2026

Collateral

Substantially all assets plus 100% equity; filed advance rates 80% of capital expenditures at funding and an 85% net-of-depreciation maintenance test (six-year straight-line). GPU servers serve a long-term OpenAI agreement — OpenAI OpCo, LLC is named unredacted in the filed agreement and guarantee.

Offtaker

OpenAI OpCo, LLC (named unredacted in the filing)

Lenders

MUFG (admin) · MS Asset Funding + MUFG (JLA/bookrunners) · Goldman Sachs Bank (JLA) · Senior managing agents: JPMorgan, Wells Fargo, BBVA, Credit Agricole CIB; lenders include SMBC, PNC, Societe Generale · U.S. Bank Trust Co. (collateral)

Pricing

Daily SOFR + 4.00% (base rate + 3.00%), 0.00% floor; 0.50% per annum undrawn fee, monthly; effective ~9% per filings

Terms

$2.6B facility; $2,215M outstanding 6/30/26 vs $340M at 12/31/25 (Q2 2026 10-Q (filed 8/12/26)). Availability to 2026-07-28; fixed maturity 2030-08-21. Monthly amortization from April 2026 on a filed percentage schedule (the schedule itself is not attached). Two financial covenants: debt service coverage at or above 1.40:1.00 from 2027-04-30, and a contract realization ratio at or above 0.85:1.00 (billed and received against projected contracted cash flows, trailing three months). Stepped minimum liquidity: $50M to 2025-09, $100M to 2026-03, $175M to 2026-04, $125M to 2026-05, then $100M to 2027-08, $75M to 2028-08, $50M thereafter (the filing misprints two steps as $100,00,000 and $75,00,000). Prepayment carries no premium or penalty, as filed. The parent guarantee covers the initial borrower's obligations only, excludes the co-borrower, and terminates if OpenAI OpCo, LLC achieves a public investment-grade rating from both S&P and Moody's and delivers specified financials. Close read 2026-10-02: debt service coverage applies from the first monthly date after Oct 1, 2027; the contract realization ratio applies from Feb 2026, equity counts and cures are unlimited before Oct 28, 2026 (EX-10.31).

Source: 8-K 7/31/25, credit agreement filed unredacted as EX-10.1 and parent guarantee as EX-10.2, acc 0001769628-25-000033; First Amendment 8-K 1/2/26 · document

Seniority

Senior unsecured; guaranteed by CoreWeave Cash Management LLC, CoreWeave Debt HoldCo I, LLC and Weights and Biases, LLC (the Revolving Credit Facility guarantors)

Maturity

2031-02-01

Lenders

144A; U.S. Bank Trust Co. (trustee per the filed indenture; the 8-K narrative names Wilmington Trust)

Pricing

Make-whole (Treasury + 50bps, 1% floor) before 2028-02-01; then callable from February 1 at 104.500 (2028), 102.250 (2029), 100.000 (2030 on). 40% equity clawback at 109.000; change-of-control put at 101.

Terms

Issued at par. Same incurrence package as the 2030 notes: 6.00:1.00 total-leverage ratio test, $1,500.0M credit-facility basket plus the greater of $1,000.0M and 25.0% of LTM EBITDA, equal-and-ratable liens covenant, covenant suspension on investment-grade status. ~10% effective rate per the Q2 2026 10-Q (rounded).

Source: 8-K 7/28/25 (closing), indenture filed as EX-4.1, acc 0001193125-25-165924; 10-Q Note 10 · document

Seniority

Senior unsecured; guaranteed by CoreWeave Cash Management LLC and future domestic restricted subsidiaries that guarantee the Revolving Credit Facility

Maturity

2030-06-01

Lenders

144A; Wilmington Trust (trustee)

Pricing

Make-whole (Treasury + 50bps, 1% floor) before 2027-06-01; then callable from June 1 at 104.625 (2027), 102.313 (2028), 100.000 (2029 on). 40% equity clawback at 109.250 before 2027-06-01; change-of-control put at 101.

Terms

Issued at par. Incurrence package: ratio debt permitted at pro forma consolidated total leverage no greater than 6.00:1.00; credit-facility basket of $1,500.0M plus the greater of $1,000.0M and 25.0% of LTM EBITDA; equal-and-ratable liens covenant; covenants suspend permanently on investment-grade status. ~10% effective rate per the Q2 2026 10-Q (rounded).

Source: 8-K 5/28/25 (closing), indenture filed as EX-4.1, acc 0001769628-25-000025; 10-Q Note 10 · document

Borrower

CoreWeave, Inc. (borrower); subsidiary guarantors

Seniority

Senior unsecured; subsidiary-guaranteed

Maturity

2025-12-16 — Commitments terminated at IPO closing (March 2025); exact day not filed

Collateral

Unsecured

Lenders

Morgan Stanley Senior Funding, Inc. (administrative agent) · lenders party thereto

Pricing

Term SOFR (0% floor) + 1.75% + 2.25% lender fee; base-rate option +0.75% (1.00% floor)

Terms

$300.0M single-draw commitment plus a 2.25% lender fee on borrowed amounts. NEVER DRAWN: terminated with all unfunded commitments at the March 2025 IPO closing (Q1-25 10-Q).

Source: 424B4 (3/31/25); Q1-25 10-Q (termination) · document

Seniority

Unsecured

Maturity

2029-01 — +2-yr extension option

Collateral

None; MagAI Ventures reserved-capacity deposit

Lenders

MagAI Ventures / Magnetar Financial

Pricing

Redemption multiplier = 12% annual return

Terms

$189M outstanding 6/30/26 after a $100M June 2026 partial settlement (Q2 2026 10-Q (filed 8/12/26)); reclassified customer deposit

Source: 10-K; Q1-26 10-Q (deposit Aug 2024; debt-classified Feb 2025) · document

Seniority

Not stated secured

Maturity

<5-yr terms

Collateral

Financed software licenses; vendor unnamed

Lenders

Undisclosed

Pricing

Effective-interest accretion; rate undisclosed

Terms

$347M outstanding 6/30/26 (Q2 2026 10-Q (filed 8/12/26)) + up to $884M optional tranches

Source: 10-K + Q1-26 10-Q · document

Borrower

CoreWeave, Inc. (borrower); subsidiary guarantors

Seniority

Split: $229M senior secured tranche; $771M unsecured; guaranteed

Maturity

2025-12-16 — Accelerated by the IPO to 2025-04-14; repaid 2025-04-11

Collateral

Secured tranche: substantially all Company assets; $771M tranche unsecured

Lenders

JPMorgan Chase Bank, N.A. (admin + collateral agent) · lenders party thereto

Pricing

Term SOFR (0% floor) + 5.25% stepping to 6.25% with time outstanding; base-rate option +4.25-5.25% (1.00% floor)

Terms

$1.0B fully drawn at the 12/16/24 closing: $229M secured tranche + $771M unsecured tranche; $500M uncommitted accordion (Q1-25 10-Q). 9.65% in effect at 12/31/24; 12% effective in the FY25 10-K debt table. REPAID IN FULL 2025-04-11 with IPO proceeds ($1.0B aggregate principal).

Source: S-1 (3/3/25); Q1-25 10-Q (repayment) · document

Seniority

Setoff; secured by site infrastructure

Maturity

~2038/39 — ~14-yr terms

Collateral

78 MW data-center critical infrastructure; DCSP unnamed

Lenders

Undisclosed DCSP

Pricing

Imputed 15% / 13%

Terms

$112M financing obligation + $118M finance lease vs $302M gross note receivable owed to CRWV at 6/30/26 (Q2 2026 10-Q (filed 8/12/26)). Q2 VIE reassessment: DCSP not consolidated.

Source: 10-K + Q1-26 10-Q · document

Seniority

Senior secured

Maturity

2029-11 — November 2029 per the 10-Q; the November 2025 amendment text is not filed.

Collateral

Pledges of certain assets; made fully secured Dec 2024

Lenders

JPMorgan Chase (admin/collateral) · Syndicate

Pricing

Original pricing flat at SOFR + 1.75% (base rate + 0.75%), 0.25% undrawn fee, unchanged through Amendment No. 3; the post-November-2025 grid is not filed. A June 2026 investor presentation (8-K EX-99.2) lists S+175; 7% effective per the Q2 2026 10-Q.

Terms

Capacity grew $100M (June 2024 agreement) to $650M, then $1.5B with letter-of-credit capacity of $350M (Amendment No. 3, 2025-05-02), then $2.5B with maturity extended to November 2029 (November 2025 amendment; its text is not filed, so capacity and maturity rest on the 10-Q). At 2026-06-30: no borrowings, $533M letters of credit outstanding, $2.0B remaining capacity; $1.2B drawn in August 2026 per the Q2 10-Q subsequent events. Original covenants: total net leverage no greater than 6.00:1.00 (7.00:1.00 for four quarters after a material acquisition) and minimum contracted revenue of $1.0B, each with an equity cure; Amendment No. 3 added a springing 2026-12-30 maturity if former Series C investors' put rights remain in existence without an escrow deposit. Q2 2026 10-Q (filed 8/12/26): November 2025 amendment also modified certain covenant metrics; $1.2B drawn on the facility in August 2026 (subsequent events).

Source: S-1 EX-10.17 (original agreement, unredacted); 8-K 5/6/25 EX-10.1 (Amendment No. 3); 424B4; 10-K/10-Q · document

Borrower

CoreWeave Compute Acquisition Co. IV, LLC (borrower); CoreWeave, Inc. parent guarantee and pledge

Seniority

Senior secured (SPV); parent guarantee

Maturity

2030-08 — Each draw 5-yr; quarterly amortization from Jan 2026

Collateral

CCAC IV equity plus all assets; filed advance rates 90% of investment-grade and 60% of non-IG capital expenditures, net of six-year straight-line GPU depreciation

Offtaker

Investment-grade and non-IG customers (unnamed; advance rates split by grade)

Lenders

Blackstone credit entities (lead) · Magnetar (lead) · U.S. Bank Trust Co. (admin/collateral)

Pricing

Filed three-tier grid on legacy loans: SOFR + 6.00% (specified investment-grade contracts), + 6.50% (other investment-grade), + 13.00% (non-IG); base rate legs 1% inside each; 0.00% floor. Fifth Amendment tranche draws at SOFR + 4.25% sit on the 2.1 row. Effective ~11% per 10-Q.

Terms

$7.6B facility; $3,190M outstanding 6/30/26 vs $5,037M at 12/31/25 (Q2 2026 10-Q (filed 8/12/26)); legacy minimum funded amount $6.1B. Per-draw five-year maturities. Quarterly repayment holds each contract-coverage ratio at 1.40:1.00 and loans within the borrowing base; covenants also cap non-IG collateral and non-IG revenue at 0.35:1.00 each. Minimum liquidity 2.0% of outstanding (after the IPO, the greater of $25M and 1.0%). Fees: 2.50% per annum commitment fee on the funding shortfall plus a 1.50% upfront fee on draws. Call protection: make-whole until 30 months after commitment termination. Legacy availability ended at the Fifth Amendment date (2025-09-29). Revenues route through the depositary cash waterfall. Close read 2026-10-02: add a 0.50% per annum undrawn fee (Sec. 2.10(d)); the customer pool mixes investment-grade majority and non-investment-grade customers, the latter capped at 0.35:1.00.

Source: 8-K 10/2/25 — the Fifth Amendment EX-10.1 attaches the full conformed credit agreement (through five amendments), acc 0001193125-25-227562; 10-Q · document

Seniority

Secured (equipment); $4,220M recourse at 11% and $882M non-recourse at 9% (pools include $347M of software licenses)

Maturity

Aug 2026 to Jul 2030 (staggered)

Collateral

Security interest in the financed equipment; OEMs not named

Lenders

Undisclosed OEMs

Pricing

Pooled: 11% recourse / 9% non-recourse effective per the Q2 2026 10-Q

Terms

$4.8B outstanding 6/30/26 (Q2 2026 10-Q (filed 8/12/26)); combined OEM+software pools per the filing: recourse $4,220M (Dec 2026 - Jul 2030, 11% effective) and non-recourse $882M (Aug 2026 - Aug 2028, 9% effective); weighted-average 9% on short-term OEM instruments.

Source: 10-K + Q2-26 10-Q debt notes · document

Borrower

CoreWeave Compute Acquisition Co. II, LLC (borrower); full CoreWeave, Inc. guarantee and equity pledge

Seniority

Senior secured (SPV); parent guarantee

Maturity

2028-03-28 — Quarterly amortization + balloon

Collateral

First-priority pledge of borrower equity plus substantially all assets (GPU servers financed under customer contracts, counterparties redacted in the filing); revenues route through a depositary cash waterfall at U.S. Bank

Offtaker

Customer contracts (counterparties redacted in the filing)

Lenders

Blackstone Tactical Opportunities + Imperial Capital (lead arrangers) · Blackstone and Magnetar Financial (lead lenders) · U.S. Bank Trust Co. (admin/collateral); U.S. Bank N.A. (depositary)

Pricing

Originally 3M Term SOFR + 8.75%; First Amendment (2024-05-16) reset to SOFR + 9.6196% (base rate + 8.6196%), 0.00% floor; effective ~15% per 10-Q

Terms

$2.3B facility, fully drawn; $1,300M outstanding 6/30/26 (Q2 2026 10-Q (filed 8/12/26)). Availability ran to 2024-06-30; maturity the earlier of five years from closing and four years from commitment termination. Quarterly repayment is the greatest of a fixed schedule, the amount holding loans within projected contracted cash flows, and the amount holding loans within the maximum GPU amount (advance percentages redacted in the filed agreement; GPU useful lives 5.5 and 6.5 years, straight-line). Fees: one-time 1.00% commitment fee on the funding shortfall plus a 1.75% upfront fee on each draw. Call protection: make-whole plus 1.00% until the third anniversary of commitment termination, then 1.00% to the fourth. Minimum liquidity was cut by the First Amendment (2024-05-16) from the greater of $50M and 16% of outstanding (capped $325M) to the greater of $18.75M and 4% (capped $56.25M). The parent guarantee and pledge agreement carries its own parent covenants, including a $375M indebtedness basket before the contracted-revenue trigger and a 2.00x consolidated leverage gate. Close read 2026-10-02: the +9.62% margin dates from the First Amendment of May 16, 2024; the margin at signing in July 2023 was 8.75% (EX-10.8). A $25M liquidity floor applies after a qualified IPO or the Loan Balance Trigger Event.

Source: 424B4 3/31/25; credit agreement + First Amendment filed as S-1 EX-10.8/10.9, parent guarantee EX-10.10-10.12, acc 0001193125-25-044231; Q1-26 10-Q debt note · document

Borrower

CoreWeave, Inc. (issuer); holders = Magnetar funds/accounts

Seniority

Senior secured

Maturity

2025-12-31 — "Notes due 2025"; exact day not filed

Collateral

Property, equipment and other assets, excluding DDTL and OEM financing collateral

Lenders

Funds or accounts managed or advised by Magnetar

Pricing

10.00% first three years, semiannual, cash or PIK at company option

Terms

Up to $50M under the Oct 2021 Note Issuance Agreement: $20M at execution + $30M April 2022; PIK accreted principal to $55M by 2023. CONVERTED IN FULL effective 2024-09-17: $55M accreted principal into 1,227,199 Class A shares, all obligations satisfied and discharged (S-1).

Source: S-1 (Note 10 + related-party + Description of Material Indebtedness) · document