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 ...

The document indicates that CoreWeave had to seek Blackstone’s approval to waive the defaults. The loan was at the same time amended to allow CoreWeave to pledge assets located overseas as ...

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.

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 ...

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 ...