Loan & DebtSep 17, 2026, 07:21 AM
CoreWeave Proposes $3.0 Billion Convertible Senior Notes Offering
AI Summary
CoreWeave, Inc. announced its intention to offer $3.0 billion in aggregate principal amount of convertible senior notes due 2033 in a private offering. The company also intends to grant an option for an additional $500 million in notes. Proceeds will fund capped call transactions and general corporate purposes. Additionally, CoreWeave entered into an Equity Distribution Agreement allowing for the sale of up to 35,000,000 shares of common stock, with sales expected to commence at least 30 days after the convertible notes purchase agreement.
Key Highlights
- CoreWeave announces proposed $3.0 billion convertible senior notes offering due 2033.
- Company intends to grant initial purchasers an option to purchase an additional $500 million in notes.
- Net proceeds to be used for capped call transactions and general corporate purposes.
- The notes will be general senior unsecured obligations with guarantees from certain subsidiaries.
- CoreWeave also entered into an Equity Distribution Agreement for up to 35,000,000 shares of Common Stock.
- Sales under the Equity Distribution Agreement are expected to be delayed by at least 30 days post-convertible notes purchase agreement.
Price Impact
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