* CoreWeave Inc. is looking to raise about $8.5 billion from banks to help finance a buildout of cloud computing capacity for Meta Platforms Inc.
* The proposed loan would be backed by a contract Meta signed to pay CoreWeave up to $14.2 billion for its services, and a separate agreement valued at more than $5 billion.
* The loan is expected to close in March and would be supported by Meta's blue-chip profile, which is expected to result in an investment-grade rating and lower borrowing costs for CoreWeave.
Takeaways:
* CoreWeave Inc. is looking to raise about $8.5 billion from banks to help finance a buildout of cloud computing capacity for Meta Platforms Inc.
* The proposed loan would be backed by a contract Meta signed to pay CoreWeave up to $14.2 billion for its services, and a separate agreement valued at more than $5 billion.
* The loan is expected to close in March and would be supported by Meta's blue-chip profile, which is expected to result in an investment-grade rating and lower borrowing costs for CoreWeave.