CoreWeave had to ask its largest lender, Blackstone to amend the terms of the loan and “waive” these defaults in December 2024, the report added, citing exhibits to its IPO document.

CoreWeave CEO Mike Intrator said ... Intrator also addressed administrative issues with a loan last year in which the company faced technical defaults. The company started to use money from ...

However, in December 2024, CoreWeave asked its main lender, Blackstone (BX), to amend the agreement and waive the defaults. The loan was structured through a special purpose vehicle that used GPUs ...

In May 2024, CoreWeave signed another term loan agreement (DDTL 2.0) with several parties, including Blackstone and Magnetar, for up to $7.6 billion. The loan matures five years after each draw.

The artificial intelligence cloud computing provider CoreWeave sold shares to the public today with so-so results. Because it’s the first major IPO of the current generative AI era, some argue ...

It’s safe to say the pricing of the CoreWeave Inc. initial public offering was a big disappointment for Nvidia Corp. — to the tune of about $200 million. Nvidia NVDA owns 17,932,460 Class A ...

CoreWeave priced its initial public offering at $40 a share Thursday night, lower than its expected range but still making it one of the biggest tech IPOs in years. The AI cloud company initially ...