DDTL · Delayed-Draw Term Loan
A loan committed up front but drawn in stages as construction milestones are hit, matching financing to capital needs.
Current numbers
$2.6B; Term SOFR + 5.50%CoreWeave DDTL 5.5 — published August parent-guaranteed terms
15% vs 7% effective (Jun 30, 2026)CoreWeave 10-Q, June 30, 2026: effective interest rates, DDTL 1.0 vs DDTL 4.0
$8.5B facility (initial ~$7.5B borrowing capacity, $8.5B at asset stabilization); SOFR+2.25% floating / ~5.9% fixed; matures March 2032CoreWeave DDTL 4.0 (March 2026): investment-grade rated and non-recourse