Kirkland Advises CoreWeave on $3.1 Billion Loan Facility, Expanding Access to Public Markets for GPU-Backed Financing

Kirkland & Ellis advised CoreWeave, Inc. (Nasdaq: CRWV), The Essential Cloud for AI™, on a $3.1 billion delayed draw term loan facility (DDTL 5.0 Facility), supporting continued expansion of its AI cloud platform and committed customer deployments. The DDTL 5.0 Facility marks the first publicly syndicated HPC infrastructure-backed financing vehicle, significantly expanding the addressable investor base for AI infrastructure financing and enabling secondary market trading. The DDTL 5.0 Facility builds on CoreWeave's continued capital markets momentum and follows the company's previously announced $8.5 billion investment-grade rated DDTL 4.0 facility completed earlier this year, on which Kirkland also advised.

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The Kirkland team included debt finance lawyers Lucas Spivey, Osaro Aifuwa, William Zakhary, Sonia Merrikh and Seth Brown; corporate lawyers Bill Benitez, Kemal Hawa, Joseph Kunnirickal and Josh Pincus; tax lawyers David Wheat, Joe Tobias and Brooke Schafer; capital markets lawyers Alborz Tolou, Rebecca Cho, Hannah Miller and Kristen Liu; environmental transactions lawyers Jonathan Kidwell and Courtney Tibbetts; employee benefits lawyers Maureen O'Brien and Jack Bernstein; investment funds ERISA lawyer Christine Matott; litigation lawyer Nick Niles; derivatives lawyer Brett Ackerman; and technology & IP transactions lawyers Matthew Lovell and Sarah Alpert.