CoreWeave Upsizes Senior Notes Offering to $2 Billion

CoreWeave has increased its senior notes offering to $2 billion, with a maturity date set for June 1, 2030, according to a press release.

CoreWeave has upsized its senior notes offering to $2 billion, as announced in a press release. The notes, which carry an interest rate of 9.250%, are due on June 1, 2030. This marks a $500 million increase from the previously announced offering size.

The closing of the offering is expected to occur on May 27, 2025, subject to customary closing conditions. The notes will be issued at par and guaranteed on a senior unsecured basis by CoreWeave Cash Management LLC, a wholly-owned subsidiary of CoreWeave.

Proceeds from the offering are intended for general corporate purposes, including the repayment of outstanding debt and covering fees and expenses related to the offering. The notes are being offered to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and to non-U.S. persons in compliance with Regulation S.

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