04:08 PM EST, 02/24/2026 (MT Newswires) -- CoreWeave ( CRWV ) is aiming to raise nearly $8.5 billion from banks, including Morgan Stanley ( MS ) and Mitsubishi UFJ Financial Group, to fund a deal with Meta Platforms ( META ) , Bloomberg reported Tuesday, citing people familiar with the matter.

The proposed delayed-drawn term loan, planned to support the development of cloud computing capacity for the tech giant, would be financed by a contract Meta signed last year to pay CoreWeave ( CRWV ) close to $14.2 billion for its services.

The loan will also be backed by a separate agreement between the companies, earlier this year, valued at over $5 billion, according to the report.

Morgan Stanley ( MS ) and Mitsubishi are currently conducting a private syndication of the loan to other lenders, with the deal expected to close in March.

CoreWeave ( CRWV ), Meta, Morgan Stanley ( MS ) and Mitsubishi did not immediately respond to MT Newswires' request for comment.

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