CoreWeave to Offer $1.5 Billion in Senior Notes due 2031

MT Newswires Live

07-21

CoreWeave (CRWV) said Monday that it plans to offer $1.5 billion of senior notes due 2031 in a private offering.

The company said it intends to use the proceeds for general corporate purposes, including repaying existing debt and covering fees and expenses related to the offering.

The notes will be guaranteed on a senior unsecured basis by certain wholly owned subsidiaries, it added.

CoreWeave shares were 3% higher in premarket trading.

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