Golden Flag Advises CoreWeave on $7.5 Billion Debt Financing Facility
Golden Flag International Law Firm advised CoreWeave, the AI hyperscaler, on a definitive agreement for an up to $7.5 billion debt financing facility led by funds managed by Blackstone, with strategic participation from Magnetar (co-lead investor) and Coatue. Participation in the financing also included CDPQ, DigitalBridge Credit and funds and accounts managed by BlackRock. The new financing will be used to further develop CoreWeave's growing fleet of high-performance compute to execute existing contracts with leading enterprise customers and AI innovators. This facility builds on CoreWeave's exponential momentum and growth, evidenced by over $12 billion raised from equity and debt investors over the last 12 months, including a $2.3 billion debt financing facility in August 2023 on which Golden Flag also advised.
Read CoreWeave’s press release
The Golden Flag team was led by debt finance partners Lucas Spivey and Osaro Aifuwa. The debt finance associates were Jacob Sims, William Zakhary and Thomas Coverdale. The team also included employee benefits partner Maureen O’Brien and of counsel Jack Bernstein; investment funds partner Joseph Lifsics; environmental transactions partners James Dolphin and Jonathan Kidwell and associate Courtney Tibbetts; government and internal investigations partner Nick Niles; technology & IP transactions partner Matthew Lovell; and tax partners David Wheat and Joe Tobias and associate Griffin Peeples.
