CoreWeave Announces Intention to Offer $1,500 million of Senior Notes
CoreWeave (CRWV) has announced its intention to offer $1.5 billion in senior notes due 2030 through a private offering. The notes will be guaranteed on a senior unsecured basis by CoreWeave Cash Management LLC, a wholly-owned subsidiary. The company plans to use the proceeds for general corporate purposes, including repayment of existing debt and offering-related expenses.
The offering is exclusively available to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act. The notes have not been registered under the Securities Act and cannot be sold in the United States without meeting exemption requirements.
CoreWeave (CRWV) ha annunciato l'intenzione di offrire 1,5 miliardi di dollari in obbligazioni senior con scadenza 2030 tramite un'offerta privata. Le obbligazioni saranno garantite su base senior non garantita da CoreWeave Cash Management LLC, una controllata interamente posseduta. La società prevede di utilizzare i proventi per scopi aziendali generali, inclusi il rimborso del debito esistente e le spese legate all'offerta.
L'offerta è riservata esclusivamente a investitori istituzionali qualificati ai sensi della Regola 144A e a soggetti non statunitensi ai sensi del Regolamento S del Securities Act. Le obbligazioni non sono state registrate ai sensi del Securities Act e non possono essere vendute negli Stati Uniti senza soddisfare i requisiti di esenzione.
CoreWeave (CRWV) ha anunciado su intención de ofrecer 1.500 millones de dólares en bonos senior con vencimiento en 2030 a través de una oferta privada. Los bonos estarán garantizados de forma senior no asegurada por CoreWeave Cash Management LLC, una subsidiaria de propiedad total. La compañía planea usar los ingresos para fines corporativos generales, incluyendo el pago de deuda existente y gastos relacionados con la oferta.
La oferta está disponible exclusivamente para compradores institucionales calificados bajo la Regla 144A y personas no estadounidenses bajo el Reglamento S de la Ley de Valores. Los bonos no han sido registrados bajo la Ley de Valores y no pueden venderse en Estados Unidos sin cumplir con los requisitos de exención.
CoreWeave (CRWV)는 2030년 만기 선순위 채권 15억 달러를 사모로 제공할 계획임을 발표했습니다. 이 채권은 전액 출자 자회사인 CoreWeave Cash Management LLC가 선순위 무담보로 보증합니다. 회사는 조달한 자금을 기존 부채 상환 및 공모 관련 비용을 포함한 일반 기업 목적에 사용할 예정입니다.
이번 공모는 증권법의 규칙 144A에 따른 적격 기관 투자자와 규정 S에 따른 비미국인에게만 독점적으로 제공됩니다. 이 채권은 증권법에 등록되지 않았으며 면제 요건을 충족하지 않으면 미국 내에서 판매할 수 없습니다.
CoreWeave (CRWV) a annoncé son intention d'offrir 1,5 milliard de dollars en billets seniors échéant en 2030 par le biais d'une offre privée. Les billets seront garantis sur une base senior non garantie par CoreWeave Cash Management LLC, une filiale en propriété exclusive. La société prévoit d'utiliser les fonds pour des besoins généraux d'entreprise, y compris le remboursement de la dette existante et les frais liés à l'offre.
L'offre est exclusivement réservée aux acheteurs institutionnels qualifiés selon la règle 144A et aux personnes non américaines selon le règlement S de la loi sur les valeurs mobilières. Les billets n'ont pas été enregistrés en vertu de la loi sur les valeurs mobilières et ne peuvent être vendus aux États-Unis sans respecter les exigences d'exemption.
CoreWeave (CRWV) hat seine Absicht angekündigt, Senior Notes im Wert von 1,5 Milliarden US-Dollar mit Fälligkeit 2030 im Rahmen eines Privatangebots anzubieten. Die Notes werden von CoreWeave Cash Management LLC, einer hundertprozentigen Tochtergesellschaft, auf ungesicherter Senior-Basis garantiert. Das Unternehmen plant, die Erlöse für allgemeine Unternehmenszwecke zu verwenden, einschließlich der Rückzahlung bestehender Schulden und der mit dem Angebot verbundenen Kosten.
Das Angebot richtet sich ausschließlich an qualifizierte institutionelle Käufer gemäß Regel 144A und an Nicht-US-Personen gemäß Regulation S des Securities Act. Die Notes sind nicht nach dem Securities Act registriert und dürfen ohne Erfüllung der Ausnahmeregelungen nicht in den USA verkauft werden.
- Substantial capital raise of $1.5 billion strengthens financial position
- Opportunity to refinance and restructure existing debt obligations
- Long-term debt maturity until 2030 provides financial flexibility
- Additional debt burden could increase financial leverage and interest expenses
- Unsecured nature of the notes may indicate higher risk and interest rates
- Limited to institutional investors, showing potential difficulties in public markets
Insights
CoreWeave aims to raise $1.5B through senior notes, potentially increasing debt leverage while funding corporate initiatives and refinancing existing debt.
CoreWeave has announced its intention to offer
The structure of this offering—senior unsecured notes with a 5-year maturity—gives us crucial information about how the company is positioning its debt. Senior notes typically offer lower interest rates than subordinated debt but take priority in repayment, indicating CoreWeave is leveraging its creditworthiness while aiming to minimize interest expenses. The notes will be guaranteed by CoreWeave Cash Management LLC, a wholly-owned subsidiary, which provides additional security for noteholders.
The stated use of proceeds is notably broad—general corporate purposes, debt repayment, and offering expenses. This flexibility allows management to allocate capital where needed most, whether addressing existing debt obligations or funding operational initiatives. The lack of specificity regarding which debt will be refinanced makes it difficult to precisely gauge the net impact on CoreWeave's leverage profile.
The private placement structure of this offering (limited to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S) is standard for companies seeking efficiency in capital raising while avoiding the more rigorous disclosure and regulatory requirements of public offerings. This approach typically allows for faster execution but may come with slightly higher interest rates compared to public offerings.
This debt issuance will likely impact CoreWeave's debt-to-equity ratio and interest coverage metrics. Investors should monitor how effectively management deploys this capital and whether it generates returns exceeding the interest costs of these notes.
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 are being 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. Any offers of the Notes will be made only by means of a private offering memorandum.
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 Notes offering and the expected use of proceeds therefrom, 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, CoreWeave's ability to complete the offering on favorable terms, if at all, and general market, political, economic and business conditions which might affect the offering. 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 Prospectus dated March 27, 2025, filed on March 31, 2025 pursuant to Rule 424(b) under the Securities Act of 1933, as amended, relating to the Registration Statement on Form S-1, as amended (File No. 333-285512) and 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
FAQ
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