CoreWeave, an artificial intelligence cloud infrastructure provider, is reportedly seeking a $4 billion loan backed by its contracts with Meta. The transaction, facilitated by Morgan Stanley and MUFG, would use computing equipment and customer contracts as collateral following an $8.5 billion fundraising round in March. Although CoreWeave remains speculative grade, the proposed structure could allow certain lenders to treat the debt backed by Meta-linked cash flows as investment grade. Markets are monitoring the final loan terms, the company’s financial health and any change in its credit rating, as the perceived risk of bankruptcy before December 2027 has declined slightly.
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