CoreWeave announced it has completed a private offering of senior notes in two tranches: $1.25 billion of dollar-denominated notes and €2.0 billion of euro-denominated notes. Both series of senior notes are scheduled to mature on July 15, 2032. The company plans to use the proceeds for general corporate purposes, including the repayment of existing debt.
Key Details
- USD Notes: $1,250 million aggregate principal amount of 9.625% Senior Notes due 2032.
- EUR Notes: €2,000 million aggregate principal amount of 8.500% Senior Notes due 2032.
- Terms: Interest is payable semi-annually, beginning January 15, 2027. The notes are guaranteed on a senior unsecured basis by certain wholly-owned subsidiaries.
- Redemption & Repurchase: The notes are redeemable by CoreWeave prior to July 15, 2029, at a make-whole premium. Upon a change of control triggering event, holders may require the company to repurchase the notes at 101% of the principal amount.