9.750% Senior Notes due 2031 (additional notes tap)

Apr 21, 2026 · Closed

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Terms of issuance

Instrument

Secured notes

Principal

$1.00B

Net proceeds

missing — add on communication

Coupon

9.75%

Issue date

Apr 21, 2026

Maturity

Oct 1, 2031 (5.4 years)

Seniority

senior unsecured

Conversion ratio

n/a

Settlement

n/a

Economic analysis

Effective annual cost

9.75%coupon + capped-call cost amortized straight-line over the note's life

Interest savings vs. plain debt

n/anot shown — would require an assumed comparable straight-debt rate, which we do not fabricate

Implied option value / volatility

n/anot shown — would require an assumed volatility input, which we do not fabricate

Breakeven

n/anot shown — would require assumed reinvestment/discount-rate assumptions, which we do not fabricate

Context

Shares outstanding (as of issue date)

525,688,133

Stock price / market cap (as of issue date)

n/ano price on or before the issue date

Use of proceeds

General corporate purposes, including repayment of outstanding indebtedness, and fees, costs and expenses of the offering

Other financing outstanding (excl. this instrument)

Delayed Draw Term Loan Facility ("DDTL 1.0") ($2.30B), Series C preferred equity (post-money valuation $19B), Delayed Draw Term Loan Facility ("DDTL 2.0") (CoreWeave Compute Acquisition Co. IV, LLC) ($7.50B), IPO — Class A common stock, Nasdaq: CRWV ($1.50B), Revolving credit facility (JPMorgan-led, Amendment No. 3) ($1.50B), 9.250% Senior Notes due 2030 ($2.00B), 9.000% Senior Notes due 2031 ($1.75B), Delayed Draw Term Loan Facility ("DDTL 3.0") (CoreWeave Compute Acquisition Co. VII, LLC) ($2.60B), Fifth Amendment DDTL — incremental $3.0B tranche to DDTL 2.0 ($3.00B), 1.75% Convertible Senior Notes due 2031 ($2.25B), Nvidia private placement of Class A shares ($2.00B), Delayed Draw Term Loan Facility ("DDTL 4.0") (CoreWeave Compute Acquisition Co. VIII, LLC) ($8.50B), 1.75% Convertible Senior Notes due 2032 ($4.00B), 9.750% Senior Notes due 2031 ($1.75B), Jane Street private placement of Class A common stock ($1.00B), Delayed Draw Term Loan Facility ("DDTL 5.0") (CoreWeave Financing DDTL V, LLC) ($3.10B), 9.625% Senior Notes due 2032 (USD, $1,250 million) ($1.25B), 8.500% Senior Notes due 2032 (EUR, EUR 2,000 million), Delayed Draw Term Loan Facility ("DDTL 5.5") ($2.60B), At-the-market equity program (up to 35 million Class A shares), Convertible senior notes due 2033 ($4.20B), Capped call transactions ($566.2M)

— of which existing debt

$52.80B

Existing cash

n/anot tracked in the system yet

Anti-dilution adjustment terms

n/a

Related acquisition

none

Related deal

none

Related site

none

Sources

ClosedCoreWeave closes additional $1.0 billion of 9.750% senior notes due 2031

Apr 21, 2026