CoreWeave (CRWV.O) is preparing a chip‑collateralized loan worth tens of
billions of dollars to finance NVIDIA chips and other compute equipment for a
contract with an unnamed investment‑grade client, the FT reports. The loan’s
interest cost is expected around 7%-7.5%, roughly less than half the company’s
recent unsecured bond yields, which exceed 15% in the public market. CEO Michael
Intrator told analysts such secured financing could cover 70%-100% of financed
equipment costs depending on the client. CoreWeave also expects about $9 bln of
customer prepayments and deposits over the next three months and will seek more
similar funding.
