Kirkland & Ellis advised CoreWeave, a specialized cloud provider of large-scale GPU-accelerated workloads, in securing a $2.3 billion debt financing facility. The funding was led by Magnetar Capital and funds managed by Blackstone Tactical Opportunities with strategic participation from leading asset management firms Coatue and DigitalBridge Credit, and funds and accounts managed by BlackRock, PIMCO and Carlyle. CoreWeave is powering the LLM (large language model) and generative AI boom with purpose-built, ultraperformant cloud infrastructure at scale. The new financing will be used to add to its fleet of high-performance compute to serve its customers, open new data centers and add to CoreWeave's world class staff.
The Kirkland team was led by debt finance partners Lucas Spivey and Jordan Roberts and associates Osaro Aifuwa, Will Zakhary and John Ryan Isaacson; capital markets partner Matt Pacey; tax partner David Wheat; and corporate partner Bill Benitez and associate Evan Chavez.