01—Abstract
Summary
Summary of the 8-K filed June 18, 2026. Cited figures are marked; the original filing is the authoritative source.
CoreWeave, Inc. (CRWV) announced the successful completion of a significant private offering of Senior Notes on June 18, 2026.
The offering comprises $1,250 milliona in dollar-denominated notes with a 9.625% interest rate and €2,000 million in euro-denominated notes with an 8.500% interest rate, both maturing in July 2032. These notes were issued to qualified institutional buyers under Rule 144A. The substantial proceeds from this offering are earmarked for general corporate purposes, including the repayment of existing indebtedness and covering expenses related to the issuance itself.
The notes are senior unsecured obligations and are guaranteed by certain wholly-owned subsidiaries of CoreWeave, which also guarantee the company's existing revolving credit facility, providing an additional layer of credit support for noteholders. This move signals a strategic financial maneuver by CoreWeave to bolster its capital structure and potentially optimize its debt profile.
02—Key points
Key Highlights
- CoreWeave successfully closed a private offering of Senior Notes totaling approximately $2.36 billion (USD and EUR equivalents).
- The offering includes $1,250 million of 9.625% Senior Notes due 2032 and €2,000 million of 8.500% Senior Notes due 2032.
- Proceeds will be used for general corporate purposes, including debt repayment and offering-related expenses.
- The Senior Notes are guaranteed by certain wholly-owned subsidiaries of CoreWeave.
- The notes mature on July 15, 2032, with semi-annual interest payments commencing January 15, 2027.
- The Indentures contain covenants that limit CoreWeave's ability to incur additional debt, make restricted payments, create liens, and engage in certain other transactions, offering protection to noteholders.
- A change of control provision allows noteholders to require CoreWeave to repurchase the notes at 101% of the principal amount under specified triggering events.
03—Questions
Frequently Asked Questions
What is the total principal amount of the Senior Notes issued by CoreWeave?
CoreWeave issued $1,250 million in dollar-denominated Senior Notes and €2,000 million in euro-denominated Senior Notes, bringing the total principal amount to approximately $2.36 billion when converted at current exchange rates.
What is the intended use of the proceeds from this note offering?
The proceeds are intended for general corporate purposes, which include the repayment of outstanding indebtedness and the payment of fees, costs, and expenses associated with the offering of the Senior Notes.
Are these Senior Notes secured or unsecured?
The Senior Notes are senior unsecured obligations of CoreWeave. However, they are guaranteed on a senior unsecured basis by certain wholly-owned subsidiaries of CoreWeave.
What are the key maturity dates and interest rates for these notes?
Both the USD and EUR notes mature on July 15, 2032. The USD Notes carry an annual interest rate of 9.625%, while the EUR Notes carry an annual interest rate of 8.500%. Interest is payable semi-annually, starting January 15, 2027.
04—Continue