CoreWeave, Inc. (Nasdaq: CRWV) ("CoreWeave") announced today that it priced a private offering of $1,750 million aggregate principal amount of 9.750% senior notes due 2031 (the "Notes"), which represents a $500 million increase from the previously announced size of the offering. The Notes will have a maturity date of October 1, 2031. The closing of the offering of the Notes is expected to occur on April 14, 2026, subject to customary closing conditions. The Notes will be issued at par and guaranteed on a senior unsecured basis by certain wholly-owned subsidiaries of CoreWeave.
CoreWeave intends to use the proceeds from the offering of the Notes for general corporate purposes, including, without limitation, repayment of outstanding indebtedness, and to pay fees, costs and expenses in connection with the offering of the Notes.
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