CoreWeave Launches $3.5B Dollar- and Euro-Denominated Senior Notes Due 2032
CRWV•CoreWeave is launching a private offering of $3.5 billion of dollar- and euro-denominated senior unsecured notes due 2032, with proceeds earmarked for debt repayment, capex and corporate purposes. As of March 31 it held $2.244 billion cash and $25.149 billion debt ($38.499 billion adjusted) with EBITDA of $3.644 billion.
1. Offering Details
CoreWeave is launching a private offering of $3.5 billion of dollar- and euro-denominated senior unsecured notes due 2032, guaranteed on a senior unsecured basis by certain wholly-owned subsidiaries. The offering is restricted to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S.
2. Use of Proceeds
The company plans to apply proceeds toward general corporate purposes, including repayment of outstanding debt, fees related to the offering and capital expenditures to support its AI infrastructure expansion.
3. Financial Position and Metrics
As of March 31 CoreWeave held $2.244 billion in cash and $25.149 billion of reported debt (rising to $38.499 billion on an as-adjusted basis), with trailing EBITDA of $3.644 billion and a revenue backlog of $98.8 billion under committed contracts.
