CoreWeave Expands Convertible Notes Offering to $3.7 Billion
AI infrastructure provider CoreWeave has expanded its convertible senior notes offering from $3 billion to $3.7 billion. According to the company’s announcement, the notes carry a 2.875% interest rate and mature on April 1, 2033. CoreWeave expects the transaction to settle on September 22, subject to customary closing conditions. Additionally, purchasers may acquire another $500 million in notes during a 13-day settlement period.