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GPU-Backed Financing Terms: How the Market Prices Residual Value (Checked Deal by Deal as of Aug 11 2026)
GPU-Backed Financing Terms: How the Market Prices Residual Value (Checked Deal by Deal as of Aug 11 2026)#
CoreWeave's GPU-backed spread tightened from 975 to 225 basis points, then moved back to 450 to 550 in 2026: lenders got more cautious on residual value this year.Draft, pending review
How to read this chart
One question: do lenders trust GPU residual value? Three layers to check: the secured tranche spread, the amortization structure, and the same issuer's unsecured tranche for comparison.
Source: FinSight compilation and estimates · Updated 2026-09-03
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