CoreWeave Amends Credit Agreement: Eases Financial Constraints to Alleviate Short-Term Liquidity Pressure
CoreWeave (the parent company), a U.S.-listed company, announced on December 31, 2025, that its subsidiary had entered into an amendment to the credit agreement (the “First Amendment”) with related parties, amending the DDTL 3.0 credit agreement and accompanying guarantee agreements signed in July 2025, The core focus is on relaxing financial covenants and enhancing operational flexibility. Key Adjustments in the Amendment This revision focuses on financial covenants and liquidity requirements, specifically including: Lowering short-term liquidity thresholds: The minimum monthly liquidity requirement for the period from March 1, 2026, to May 1, 2026, has been reduced from the original standard to $100 million; Postponing financial covenants: The first test date for the debt service coverage ratio has been postponed to October 31, 2027, and the first test date for the contract fulfillment rate has been postponed to February 28, 2026; Relaxation of equity remedy restrictions: Until October 28, 2026, equity remedies may be used without restriction if relevant financial metrics are not met; thereafter, such remedies are permitted for “up to three consecutive months within a four-month period.”
Source:富途快讯 · Source Link
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