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← CoreWeave
Thu, Sep 17, 2026

CoreWeave proposes $3.0 billion convertible notes due 2033

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Key points

  • CoreWeave announced a proposed private offering of $3.0 billion of convertible senior notes due April 1, 2033, to qualified institutional buyers under Rule 144A.
  • Initial purchasers get a 13-day option for up to $500 million of additional notes.
  • The notes will be senior unsecured obligations, guaranteed by the same subsidiaries that guarantee CoreWeave's existing 2030, 2031 and 2032 notes, with interest payable semi-annually in cash; the rate and initial conversion rate will be set at pricing.
  • Proceeds will fund capped call transactions, with the remainder for general corporate purposes.
  • The capped calls are intended to reduce dilution on conversion, subject to a cap.