NewsPrivate Credit31/07/2025
CoreWeave closes DDTL 3.0 financing with Wells Fargo in the lender group
Wells Fargo →CoreWeave announced a USD 2.6 billion delayed-draw term facility to support AI infrastructure under OpenAI contracts. Morgan Stanley and MUFG led DDTL 3.0, and Wells Fargo joined the syndicate. The release reports SOFR plus 4% pricing and August 21, 2030 maturity. The facility is distinct from CoreWeave's later DDTL 4.0 and DDTL 5.5 financings.