CoreWeave Inc.

10/02/2025 | Press release | Distributed by Public on 10/02/2025 07:01

Material Agreement, Financial Obligation (Form 8-K)

Item 1.01  Entry into a Material Definitive Agreement.

On September 29, 2025, CoreWeave Compute Acquisition Co., IV, LLC ("CCAC IV"), a Delaware limited liability company and a direct subsidiary of CoreWeave, Inc., a Delaware Corporation (the "Parent") entered into an amendment (the "Fifth Amendment") to amend that certain Credit Agreement, dated as of May 16, 2024 (the "DDTL 2.0 Credit Agreement"), by and among CCAC IV, as borrower, with U.S. Bank Trust Company, National Association as administrative agent and collateral agent, U.S. Bank National Association, as depository bank and the lenders party thereto. The Fifth Amendment adds an incremental $3.0 billion tranche of delayed draw term loans (the "Fifth Amendment DDTL") to the DDTL 2.0 Credit Agreement.

CCAC IV intends to use borrowings under the Fifth Amendment DDTL to fund the purchase and maintenance of certain equipment, hardware, infrastructure and other systems to be utilized to provide both investment grade and unrated strategic customers of the Parent with certain services ordered by such strategic customers.

Availability and Maturity

The Fifth Amendment DDTL is available in one or more draws until its commitment termination date in March 2026. Each draw under the Fifth Amendment DDTL matures five years after the date of such draw.

Interest Rate and Fees

Prior to the Fifth Amendment, amounts borrowed as term SOFR loans under the DDTL 2.0 Credit Agreement were subject to an interest rate per annum equal to (x) for investment-grade loans, an applicable margin of 6.00-6.50%, depending on the applicable investment-grade contract, plus the term SOFR for a three-month interest period (subject to a 0.00% floor) and (y) for non-investment-grade loans, an applicable margin of 13.00% plus the term SOFR for a three-month interest period (subject to a 0.00% floor). All amounts borrowed under the Fifth Amendment DDTL going forward are subject to an interest rate per annum equal to, at our option, either (a) for base rate loans, an applicable margin of 3.25% plus a base rate (subject to a 0.00% floor) determined by reference to the highest of (i) the prime rate, (ii) the federal funds effective rate plus 0.50%, and (iii) term SOFR for a one-month interest period plus 1.00% or (b) for term SOFR loans, 4.25% plus the term SOFR for a three-month interest period, as applicable (subject to a 0.00% floor). The Fifth Amendment DDTL provides for payment of, among others, upfront fees in an amount equal to 1.50% on the amount of loans funded on each date of draw under the Fifth Amendment DDTL and a commitment fee in an amount equal to 3.00% on the positive difference, if any, of $2.4 billion less the actual amount of loans drawn under the Fifth Amendment DDTL on or prior to the commitment termination date with respect to the Fifth Amendment DDTL.

Covenants

The Fifth Amendment includes certain additional financial covenants applicable to the Fifth Amendment DDTL substantially similar to the financial covenants applicable to the existing DDTL 2.0 Credit Agreement.

The foregoing summary of the Fifth Amendment does not purport to be complete and is qualified in its entirety by reference to the complete terms of the Fifth Amendment, which is filed as Exhibit 10.1 hereto and incorporated by reference into this Item 1.01.

Item 2.03  Creation of a Direct Financial Obligation or an Obligation under an Off-BalanceSheet Arrangement of a Registrant

The information described above under Item 1.01 is incorporated into this Item 2.03 by reference.

CoreWeave Inc. published this content on October 02, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on October 02, 2025 at 13:01 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]