Kirkland & Ellis 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 Kirkland also advised.