CoreWeave, Inc. Announces Issuance of Senior and Convertible Senior Notes

Summary

On April 14, 2026, CoreWeave, Inc. completed the issuance of $1,750,000 in aggregate principal amount of 9.750% Senior Notes due 2031 and $4,000,000,000 in aggregate principal amount of 1.75% Convertible Senior Notes due 2032. The Senior Notes bear interest at a rate of 9.750% per annum, while the Convertible Notes bear interest at a rate of 1.75% per annum and are convertible into CoreWeave's Class A common stock. CoreWeave also entered into Capped Call Transactions to manage potential dilution from the Convertible Notes. The net proceeds from the offering were $3,940.0 million, after deducting the initial purchasers' discounts but before deducting estimated offering expenses payable by CoreWeave.