CoreWeave prices upsized USD 3.7 billion convertible senior notes offering - CRWV News | RalliesCoreWeave prices upsized USD 3.7 billion convertible senior notes offering
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CRWV• Upsized convertible notes offering priced
- CoreWeave priced an upsized private offering of USD 3.7 billion of 2.875% convertible senior notes due 2033.
- The deal was increased from the previously announced USD 3 billion; settlement is set for Sept. 22.
- Initial purchasers have a 13-day option to buy up to an additional USD 500 million of notes.
- Net proceeds are expected to be about USD 3.64 billion; about USD 498.8 million is earmarked for capped call transactions.
- The initial conversion price is set at about USD 97.85 a share; the capped call cap price is set at USD 199.7.
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