CoreWeave reportedly seeks $4 billion loan backed by Meta contracts at about 7.5%

Key points CoreWeave seeks a loan backed by Meta contracts How CoreWeave's rate compares with the March loan What CoreWeave's own bonds yield now CoreWeave (CRWV) is seeking a $4 billion loan backed by its contracts with Meta Platforms (META), a structure that would draw on Meta's credit standing, according to Semafor. CoreWeave would be the borrower and is aiming for an all-in interest rate of around 7.5%. CoreWeave shares closed at $56.60 on Nov. 12, down 6.9%, a day after rising 24.7% on the company's third-quarter results. The stock was at $56.95 in premarket trading at 9:22 a.m. ET on Nov. 13. Meta's credit rating would support the loan Morgan Stanley and Mitsubishi UFJ will syndicate the loan, which has drawn a warm response from lenders in early marketing. Talks on the loan first surfaced on Nov. 11, with early pricing talk of 7% to 7.5% and a launch possible as soon as the week of Nov. 16. The terms could still change.

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