Latham & Watkins Advises on CoreWeave's US$2.6 Billion Secured Debt Financing Facility

CoreWeave, Inc. (Nasdaq: CRWV), the AI Hyperscaler™, has announced it has closed a US$2.6 billion delayed draw term loan facility, continuing the company’s investment in world-class infrastructure tailored for artificial intelligence. The funding will be used to support the purchase and maintenance of advanced equipment, hardware, and cloud infrastructure systems to deliver services under a long-term agreement with OpenAI.

Latham & Watkins LLP represents the lenders in the transaction with a finance team led by New York partners Chirag Dedania, Paul Bonewitz, Keith Halverstam, and Salvatore Vanchieri, with New York counsel Preeta Paragash and associates Miles Primason and Diana Duan, with assistance from Sophie Crichton. Advice was also provided on restructuring matters by New York partner David Hammerman, with New York counsel Annemarie Reilly; on tax matters by Chicago partner Renee de Vera, with associate Sam Yang; and on UCC matters by Century City/Los Angeles counsel Emily Leong Yu, with associate Sean Travers.