As per individuals with knowledge of the situation, CoreWeave is nearing the completion of an $8.5 billion debt financing arrangement, leveraging AI chips and cloud service procurement contracts with Meta as security. The anticipated interest rate for this debt is around 6%, and it is likely to achieve an A- credit rating. This will be CoreWeave's inaugural instance of credit-rated financing secured by chips. Notably, the cost of financing for this new debt is lower compared to its prior bonds, which bore interest rates in the double digits. Morgan Stanley and Mitsubishi UFJ Financial Group will purchase a segment of these bonds and market the remaining portion. CoreWeave intends to disclose its financial outcomes this week and remains actively engaged in borrowing activities to bolster its competitive edge. In reaction, representatives from both CoreWeave and Meta opted not to provide comments, while Morgan Stanley and Mitsubishi UFJ did not reply to inquiries for remarks.