🇺🇸GPU-cloud provider CoreWeave (CRWV) plans an investment-grade loan of at least $4 billion; financing plans remain unfinalized.

CoreWeave reportedly plans to raise at least $4 billion through a proposed investment-grade loan. Morgan Stanley and Mitsubishi UFJ Financial Group are arranging the potential financing, which would be syndicated to investors in stages.

The Bloomberg-attributed Telegram report distinguishes CoreWeave’s below-investment-grade corporate credit rating from the proposed investment-grade borrowing. It says the company has previously secured lower borrowing costs by pledging chips and related contracts; a similar structure is expected for this transaction, but final collateral terms are not provided.

The transaction could enter the market as early as the following week, according to unnamed sources, but its timing and terms remain unfinalized. The supplied material does not establish a closed financing, committed lender funding, an interest rate, maturity, or any conversion or dilution provisions.

The report follows an increase in CoreWeave’s annual revenue outlook, although the revised revenue figures are not supplied. Separately, CEO Michael Intrator told CNBC that construction plans were neither delayed nor being changed and that the company saw no impact on its ability to deliver U.S. data centers; these are management statements rather than independently documented deployment results.