CoreWeave prices upsized USD 3.7 billion convertible senior notes offering

CoreWeave priced an upsized private offering of USD 3.7 billion of 2.875% convertible senior notes due 2033.

• The deal increased from the previously announced USD 3 billion.
• Settlement is set for Sept. 22, 2026.
• Initial purchasers have a 13-day option to buy up to an additional USD 500 million of notes.
• Net proceeds are estimated at about USD 3.64 billion, or about USD 4.14 billion if the option is fully exercised.
• About USD 498.8 million of proceeds is earmarked for capped call transactions, with the balance for general corporate purposes.