March 31 (Reuters) - Cloud infrastructure firm CoreWeave ( CRWV )

has secured $8.5 billion in financing through a

delayed-draw term loan facility to expand its artificial

intelligence cloud platform, as demand for computing power

continues to surge.

This brings the total equity and debt financing commitments

secured by CoreWeave ( CRWV ) in the past 12 months to about $28

billion. Here are details from the company's statement on

Tuesday:

* CoreWeave ( CRWV ) will initially be able to borrow about $7.5

billion, with an option to increase that to $8.5 billion as

data-center assets reach stable operating levels.

* The loan will mature in March 2032.

* The facility was co-structured and book-run by Morgan

Stanley and MUFG, with Goldman Sachs and JPMorgan serving as

additional coordinating lead arrangers for the transaction.

* It was anchored by Blackstone Credit & Insurance and

included participation from a group of global financial

institutions, asset managers and insurance investors.