CoreWeave, Inc. 8-K

Summary

CoreWeave completed a private offering of dollar- and euro-denominated senior notes, raising financing for general corporate purposes, including repayment of outstanding debt and offering expenses.

Key Figures

• Aggregate principal: $1.25B of 9.625% notes and €2.00B of 8.500% notes, both due 07/15/2032. Interest is payable semiannually in cash on January 15 and July 15, beginning 01/15/2027.
• The notes are senior unsecured and guaranteed by certain wholly owned subsidiaries. Before 07/15/2029, CoreWeave may redeem them at par plus a make-whole premium; up to 40% of each series may also be redeemed using proceeds from certain equity offerings. A qualifying change of control gives holders a right to require repurchase at 101% of principal, plus accrued interest.
• Indenture covenants restrict, subject to exceptions, additional debt, distributions and other restricted payments, liens, investments, asset sales, affiliate transactions, mergers and subsidiary designations.