Financial Wire

CoreWeave Prices $1 Billion Offering of 9.75% Senior Notes Due 2031

-- CoreWeave (CRWV) priced a private offering of $1 billion in 9.75% senior notes due 2031.

The notes priced at 102% of face value and will be guaranteed on a senior unsecured basis by certain wholly owned subsidiaries, CoreWeave said Thursday in a statement.

They will be issued as additional notes under the April 14 indenture that covered CoreWeave's earlier $1.75 billion offering of 9.75% senior notes due 2031, according to the statement.

The offering is expected to close Tuesday.

CoreWeave plans to use the proceeds for general corporate purposes.

Price: $117.69, Change: $-1.00, Percent Change: -0.84%

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