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 ...

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. The U.S. company, which is ...

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.

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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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 on “Squawk Box” that the company had to “rightsize” its pricing ahead of the Friday IPO.

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 ...

To make things worse, CoreWeave has also been found to have breached some of its loan terms on a $7.6B loan last year on technical defaults, according to Financial Times. Although CoreWeave didn't ...

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 ...