CoreWeave expects 7% to 7.5% cost on multibillion-dollar chip loan
The Financial Times reported the planned loan would fund Nvidia chips for an unnamed investment-grade customer, while CoreWeave expects about $9 billion in customer prepayments and deposits over the next three months.
By RuntimeWire Staff · Published
Primary source: FT + NYT + Semafor discovery (Google News)
Why it matters
CoreWeave is testing whether GPU-backed loans and customer prepayments can fund AI data center growth while it avoids unsecured borrowing at current yields. The company expects the planned loan to cost about 7% to 7.5%, which it described as less than half the yield on its unsecured debt, according to the FT. The result will show how much contracted demand and chip collateral can lower funding costs for the largest neocloud.
The Financial Times reported the planned loan would fund Nvidia chips for an unnamed investment-grade customer, while CoreWeave expects about $9 billion in customer prepayments and deposits over the next three months.
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.