CoreWeave, a provider of AI-cloud infrastructure, is reportedly seeking to raise at least $4 billion through an investment-grade loan. The company aims to strengthen its financial position by avoiding high-yield debt instruments.
The move follows the company's third-quarter performance, which saw revenue reach $3.66 billion. Additionally, CoreWeave anticipates receiving $9 billion in customer deposits and prepayments in the near future.
The proposed financing is intended to support the expansion of the company's data-center capacity. By utilizing secured, customer-linked financing, the firm intends to manage its leverage effectively.
