CoreWeave Amplifies Credit Facility to $2.5B to Propel AI Infrastructure Expansion
CoreWeave, a leading AI cloud computing company, announced on Wednesday a significant increase in its revolving credit facility. The facility has been expanded from $1.5 billion to a whopping $2.5 billion. Additionally, the maturity date has been extended from May 2028 to November 2029. Following this announcement, the Nvidia-backed company’s stock saw an uptick of as much as 4.6%, helping it bounce back from a 16% drop in the previous session.
The credit facility is spearheaded by a consortium of major banks. These include:
- JPMorgan Chase
- Goldman Sachs
- Morgan Stanley
- MUFG
- Citibank
- Credit Agricole
- Deutsche Bank
- Sumitomo Mitsui Banking Corporation
- Wells Fargo
This expanded credit line equips CoreWeave with enhanced financial flexibility, enabling it to effectively execute its growth initiatives in the rapidly burgeoning AI infrastructure market.
Branding itself as “The Essential Cloud for AI”, CoreWeave specializes in GPU-first cloud infrastructure. This infrastructure is optimized for training and inference of generative AI models. The company, which completed its public listing on Nasdaq in March 2025, serves leading AI labs, startups, and global enterprises. The expansion of the credit facility underscores the banking partners’ confidence in CoreWeave’s business model and its growth prospects in the evolving AI landscape.
Source: BusinessWire