CoreWeave, Inc. 8-K

Summary

CoreWeave completed a $1.0B private offering of additional 9.750% senior notes due 2031 on 4/21/2026, bringing total principal outstanding in the notes to $2.75B. It plans to use the proceeds for general corporate purposes, including repaying outstanding debt and paying offering expenses.

Key Figures

• The $1.0B principal amount was issued at 102.000% of principal. The notes mature 10/1/2031 and pay 9.750% annual interest in cash semiannually on April 1 and October 1, beginning 10/1/2026; interest accrues from 4/14/2026.
• The notes are senior unsecured and guaranteed by certain wholly owned subsidiaries, as well as certain future domestic restricted subsidiaries that guarantee CoreWeave’s revolving credit facility.
• Before 10/1/2028, CoreWeave may redeem notes at 100% of principal plus a make-whole premium and accrued interest; up to 40% may also be redeemed with proceeds from certain equity offerings at the indenture’s specified price. On or after 10/1/2028, redemption prices are set by the indenture. Following specified change-of-control events, holders may require repurchase at 101% of principal plus accrued interest.
• The indenture restricts, subject to exceptions, additional debt, distributions and other restricted payments, liens, investments, asset sales, affiliate transactions, mergers and certain subsidiary designations.