CoreWeave Offers Senior Notes

CoreWeave, a cloud computing company specializing in AI applications, announced its intention to offer $1.25 billion in senior notes due 2031 through a private placement. Subsequently, CoreWeave priced a private offering of $1 billion aggregate principal amount of 9.750% senior notes due 2031 at 102.000% of their principal amount. The notes will be guaranteed by certain wholly-owned subsidiaries of CoreWeave and are expected to close on April 21, 2026. CoreWeave plans to use the proceeds for general corporate purposes, including repaying outstanding indebtedness and covering offering-related fees and expenses. The offering is being made to qualified institutional buyers and non-U.S. persons in compliance with the Securities Act of 1933.