CoreWeave Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
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Computer Software: Prepackaged Software
Technology
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
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Date of Report (date of earliest event reported): May 6, 2025 (May 2, 2025 )
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Item 1.01. Entry into a Material Definitive Agreement
On May 2, 2025, CoreWeave, Inc. (the “Company”), as the borrower, and its subsidiary, CoreWeave Cash Management LLC, as the guarantor, entered into the Amendment No. 3 (the “Third Amendment”) to the Revolving Credit and Guaranty Agreement with JPMorgan Chase Bank, N.A., as administrative agent and as a lender, and the other lenders party thereto (as amended, the “Amended Credit Agreement”). The Third Amendment (i) increases the aggregate amount available under the Company’s revolving credit facility from $650.0 million to $1.5 billion, (ii) increases the amount available under the Company’s letters of credit facility from $175.0 million to $350.0 million, and (iii) extends the maturity of the revolving credit facility to May 2, 2028 (subject to a springing maturity date of December 30, 2026 if, as of such date, put rights held by certain of the Company’s former Series C redeemable preferred stock investors remain in existence as of such date and the Company has not deposited in escrow an amount sufficient to satisfy the exercise of such put rights). In addition, the Amended Credit Agreement contains certain other revised terms, including customary monitoring covenants. Other than as described above, the loans and the obligations of the parties under the Amended Credit Agreement remain unchanged.
The foregoing summary of the Third Amendment is qualified in its entirety by reference to the terms of the Third Amendment, which is attached hereto as Exhibit 10.1 and is incorporated by reference herein.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The information described above under Item 1.01 is incorporated into this Item 2.03 by reference.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
| Exhibit No. | Description | |||||||
| 10.1 | ||||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 6, 2025
| COREWEAVE, INC. | |||||
By: | /s/ Nitin Agrawal | ||||
Name: | Nitin Agrawal | ||||
Title: | Chief Financial Officer | ||||