CoreWeave Announces Closing of $2,000 million of Senior Notes Offering
CoreWeave (NASDAQ: CRWV) has successfully closed its private offering of $2,000 million in senior notes with a 9.250% interest rate, maturing on June 1, 2030. The notes, guaranteed by CoreWeave Cash Management LLC, were offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.
The AI Hyperscaler company plans to utilize the proceeds for general corporate purposes, including debt repayment and offering-related expenses. The notes are not registered under the Securities Act and cannot be sold in the U.S. without exemption from registration requirements.
CoreWeave (NASDAQ: CRWV) ha concluso con successo la sua offerta privata di 2.000 milioni di dollari in obbligazioni senior con un tasso di interesse del 9,250%, con scadenza il 1° giugno 2030. Le obbligazioni, garantite da CoreWeave Cash Management LLC, sono state offerte esclusivamente a investitori istituzionali qualificati ai sensi della Regola 144A e a soggetti non statunitensi secondo il Regolamento S.
La società AI Hyperscaler intende utilizzare i proventi per scopi aziendali generali, inclusi il rimborso del debito e le spese correlate all’offerta. Le obbligazioni non sono registrate ai sensi del Securities Act e non possono essere vendute negli Stati Uniti senza un’esenzione dai requisiti di registrazione.
CoreWeave (NASDAQ: CRWV) ha cerrado con éxito su oferta privada de 2.000 millones de dólares en bonos senior con una tasa de interés del 9,250%, que vencerán el 1 de junio de 2030. Los bonos, garantizados por CoreWeave Cash Management LLC, se ofrecieron exclusivamente a compradores institucionales calificados bajo la Regla 144A y a personas no estadounidenses conforme al Reglamento S.
La empresa AI Hyperscaler planea utilizar los fondos para propósitos corporativos generales, incluyendo el pago de deudas y gastos relacionados con la oferta. Los bonos no están registrados bajo la Ley de Valores y no pueden venderse en EE.UU. sin una exención de los requisitos de registro.
CoreWeave (NASDAQ: CRWV)는 9.250% 이자율의 20억 달러 규모 선순위 채권 사모 발행을 성공적으로 마감했으며, 만기는 2030년 6월 1일입니다. 이 채권은 CoreWeave Cash Management LLC가 보증하며, Rule 144A에 따른 적격 기관 투자자와 Regulation S에 따른 비미국인에게만 독점적으로 제공되었습니다.
이 AI 하이퍼스케일러 회사는 조달 자금을 일반 기업 목적, 부채 상환 및 공모 관련 비용에 사용할 계획입니다. 이 채권은 증권법에 등록되어 있지 않으며 등록 요건 면제 없이는 미국 내에서 판매할 수 없습니다.
CoreWeave (NASDAQ : CRWV) a clôturé avec succès son offre privée de 2 000 millions de dollars en obligations senior au taux d’intérêt de 9,250 %, arrivant à échéance le 1er juin 2030. Les obligations, garanties par CoreWeave Cash Management LLC, ont été proposées exclusivement à des acheteurs institutionnels qualifiés selon la règle 144A et à des personnes non américaines conformément au règlement S.
La société AI Hyperscaler prévoit d’utiliser les fonds pour des besoins généraux de l’entreprise, y compris le remboursement de la dette et les frais liés à l’offre. Ces obligations ne sont pas enregistrées en vertu du Securities Act et ne peuvent pas être vendues aux États-Unis sans exemption des obligations d’enregistrement.
CoreWeave (NASDAQ: CRWV) hat seine Privatplatzierung von 2.000 Millionen US-Dollar Senior Notes mit einem Zinssatz von 9,250 % erfolgreich abgeschlossen, die am 1. Juni 2030 fällig werden. Die durch CoreWeave Cash Management LLC garantierten Notes wurden ausschließlich qualifizierten institutionellen Käufern gemäß Rule 144A und Nicht-US-Personen gemäß Regulation S angeboten.
Das AI-Hyperscaler-Unternehmen plant, die Erlöse für allgemeine Unternehmenszwecke zu verwenden, einschließlich der Schuldenrückzahlung und der mit dem Angebot verbundenen Kosten. Die Notes sind nicht nach dem Securities Act registriert und dürfen ohne Ausnahme von den Registrierungspflichten in den USA nicht verkauft werden.
- Successful raising of $2 billion through senior notes offering
- Long-term debt maturity until 2030 provides financial stability
- Potential debt restructuring through repayment of existing indebtedness
- High interest rate of 9.250% on the senior notes
- Increased debt burden on the company's balance sheet
- Limited transferability of notes due to registration restrictions
Insights
CoreWeave secured $2B in debt at 9.25% interest rate, strengthening liquidity but increasing leverage and interest burden.
CoreWeave has successfully closed its
The
The notes are senior unsecured obligations, guaranteed by CoreWeave Cash Management LLC, positioning them higher in the repayment hierarchy than subordinated debt but without specific collateral backing. The company plans to use proceeds for general corporate purposes, including refinancing existing debt, which could potentially improve its debt maturity profile and financial flexibility.
While this offering strengthens CoreWeave's liquidity position for potential growth investments in AI infrastructure, it simultaneously increases the company's leverage and interest expense burden. The substantial interest costs could impact profitability metrics and free cash flow generation capabilities over the 5-year term of these notes.
The private placement nature of this offering (limited to qualified institutional buyers under Rule 144A) is typical for high-yield corporate debt and allows CoreWeave to avoid some regulatory requirements of public offerings while still accessing institutional capital markets. This successful debt raise suggests institutional investors maintain confidence in CoreWeave's business model and growth prospects in the competitive AI infrastructure market.
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.
The Notes and related guarantees were offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), or to persons other than "
This press release is for informational purposes only and is not an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About CoreWeave
CoreWeave, the AI Hyperscaler™, delivers a cloud platform of cutting-edge software powering the next wave of AI. The company's technology provides enterprises and leading AI labs with cloud solutions for accelerated computing. Since 2017, CoreWeave has operated a growing footprint of data centers across the US and
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, including statements regarding the expected use of proceeds from the Notes offering, which statements are based on current expectations, forecasts, and assumptions and involve risks and uncertainties that could cause actual results to differ materially from expectations discussed in such statements. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors including, but not limited to, general market, political, economic and business conditions. These factors, as well as others, are discussed in CoreWeave's filings with the Securities and Exchange Commission, including the sections titled "Special Note Regarding Forward-Looking Statements" and "Risk Factors" in CoreWeave's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025. All forward-looking statements contained herein are based on information available as of the date hereof and CoreWeave does not assume any obligation to update these statements as a result of new information or future events.
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SOURCE CoreWeave
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