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 ...

Meanwhile, it has what Zitron calls a "fatal amount of debt" via loans from companies like Blackstone and Magnetar. The interest alone on CoreWeave's top two loans could be as much as $1.5 billion ...

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.

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 ...

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 ...