CoreWeave plans $1 billion debt offering with 9.750% senior notes

CoreWeave Inc. (NASDAQ: CRWV) announced its intention to offer $1 billion in 9.750% senior notes due 2031 through a private placement, subject to market conditions.

The cloud computing company plans to issue the notes as additional securities under an existing indenture from April 2026, when it previously issued $1.75 billion in notes with the same terms. The new notes will be guaranteed by certain wholly-owned subsidiaries on a senior unsecured basis.

CoreWeave stated it intends to use proceeds for general corporate purposes, including repaying outstanding debt and covering offering-related fees and expenses.

The notes will be offered only to qualified institutional buyers under Rule 144A or to non-U.S. persons under Regulation S of the Securities Act of 1933. The securities will not be registered under the Securities Act.

CoreWeave provides cloud infrastructure services focused on artificial intelligence applications. The company went public on NASDAQ in March 2025 after being established in 2017.

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