Cloud provider Core Weave plans to raise a multibillion-dollar loan secured by Nvidia chips and other computing equipment, the Financial Times writes. The funds will continue to fund a contract with an unnamed investment client. The loan rate is expected to be 7-7.5%, more than half the yield on the company's unsecured bond. According to CEO Michael Intore, the provider is abandoning the unsecured debt market amid the growth of the debt load, which in the third quarter reached $66.2 billion.