Cloud Computing startup CoreWeave (CRWV) breached some terms of a $7.6B loan last year that triggered a series of so-called technical defaults, the Financial Times reported. CoreWeave had to ask ...

CoreWeave (CRWV) violated several terms of a $7.6B loan last year, triggering a series of technical defaults, Robert Smith, Tabby Kinder, and Antoine Gara of The Financial Times reports.

Cloud computing startup CoreWeave, which is backed by chipmaker Nvidia (NVDA), reportedly broke some terms of a $7.6 billion loan agreement last year, which led to a series of technical defaults ...

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, CoreWeave’s syndicate of 14 IPO advisers had reportedly been aiming for approximately 15 times forward EBIT. So even if recent speculation proves accurate that the price range has moved ...

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 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 and contracts with large ...

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