CoreWeave announced plans to offer $3.5 billion, or euro equivalents, of dollar-denominated and euro-denominated senior notes due 2032 in a private offering, subject to market and customary conditions.
The notes will be guaranteed on a senior unsecured basis by certain wholly owned subsidiaries of the company.
CoreWeave said it intends to use the proceeds from the offering for general corporate purposes, including the repayment of outstanding indebtedness and the payment of fees, costs, and expenses associated with the transaction.
The notes and related guarantees are being offered only to qualified institutional buyers under Rule 144A of the Securities Act and to certain non-U.S. persons pursuant to Regulation S. The securities have not been and will not be registered under the Securities Act or the securities laws of other jurisdictions.
Founded in 2017, CoreWeave provides cloud infrastructure for artificial intelligence applications. The company completed its public listing on Nasdaq in March 2025 and serves AI laboratories, startups, and enterprises with computing infrastructure and technical expertise designed to support AI development and deployment.
The company cautioned that the proposed offering and intended use of proceeds are subject to market conditions and other factors, and actual results may differ from current expectations.
