CoreWeave CRWV shares climbed about 1.5% in premarket trading on Tuesday after the cloud computing company moved to ease liquidity and covenant requirements tied to a recent credit facility.
The stock’s early move followed the company’s filing detailing amendments to its DDTL 3.0 credit agreement, which adjusts financial tests to better match the timing of equipment deliveries tied to its expansion plans, according to a Friday press release.
Under the revised terms, CoreWeave reduced the minimum liquidity requirement for certain monthly payment dates in early 2026 to $100 million. The company also pushed back the initial testing dates for key financial covenants, including the debt service coverage ratio and the contract realization…