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CoreWeave Seeks $8.5 Billion Loan From Banks Backed by Meta Deal

CoreWeave Inc. is looking to raise about $8.5 billion from banks including Morgan Stanley and Mitsubishi UFJ Financial Group Inc. to help finance a buildout of cloud computing capacity for Meta Platforms Inc., according to people familiar with the matter.The proposed delayed-draw term loan would be backed by a contract Meta signed last year to pay CoreWeave up to $14.2 billion for its services, said the people, who asked not to be named discussing private information. It’s also supported by a se...

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