Kirkland Advises CoreWeave on Landmark $8.5B Financing Facility, Achieving First Investment-Grade Rated GPU-Backed Financing

Kirkland & Ellis advised CoreWeave, Inc. (Nasdaq: CRWV), The Essential Cloud for AI™, on an $8.5 billion delayed draw term loan facility (DDTL 4.0 Facility), supporting the continued expansion of its AI cloud platform. Closed today, the DDTL 4.0 Facility received ratings of A3 by Moody’s and A (low) by DBRS, respectively, representing the first investment-grade rated financing secured by HPC infrastructure and an associated customer contract.

Read CoreWeave’s press release

The Kirkland team included debt finance lawyers Lucas Spivey, Osaro Aifuwa, Jacob Sims, William Zakhary, Nicholas Rinehart and Seth Brown; structured finance lawyers Michael Urschel, Thomas Prommer and Wilson Carneiro; corporate lawyers Bill Benitez, Kemal Hawa, Joseph Kunnirickal, Evan Chavez and Brandon Goldberg; tax lawyers David Wheat, Joe Tobias and Brooke Schafer; 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 capital markets lawyers Joshua Korff, Matt Pacey, Alborz Tolou, Rebecca Ara Cho, Hannah Wilson Miller and Kristen Liu.