Morgan Stanley announced on April 30 2026 that it would act as the lead arranger for a $3.1 billion term loan B to Core Weave, a data‑center operator that builds and operates facilities for artificial‑intelligence workloads.
Core Weave has been aggressively expanding its capacity in the past year, raising $28 billion in combined equity and debt. The new loan follows an $8.5 billion facility closed in March 2026, a $2.6 billion facility in August 2025, and a $650 million credit facility in October 2024, underscoring the company’s rapid growth and the high demand for AI‑specific compute power.
Morgan Stanley’s role as lead arranger is consistent with its prior involvement in Core Weave’s financing, having co‑structured the March 2026 facility and led the October 2024 credit facility. The loan is part of a syndicate that will provide the capital needed for Core Weave to add new data‑center sites and upgrade existing infrastructure to support GPU‑heavy AI workloads.
The loan will fund the construction of new data‑center capacity and the deployment of additional GPU clusters, enabling Core Weave to meet the escalating demand from AI developers such as OpenAI, Meta, and Anthropic. By expanding its footprint, Core Weave strengthens its position as a critical provider of high‑performance computing resources for the AI ecosystem.
The transaction reflects the broader AI infrastructure boom, with analysts estimating that global investment in AI data‑center capacity could reach $3 trillion by 2028. Morgan Stanley’s continued participation signals confidence in the long‑term growth of AI workloads and the need for specialized, high‑density data‑center solutions.
Overall, the $3.1 billion loan demonstrates both Core Weave’s rapid expansion strategy and Morgan Stanley’s role as a key financial partner in the high‑growth AI infrastructure market.
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