Sep 22, 4:17 PM ET
On September 22, 2026, CoreWeave completed a private offering of $4.2 billion in 2.875% convertible senior notes due April 1, 2033, including $500 million from the full exercise of the initial purchasers' option. The notes are senior unsecured obligations, guaranteed by certain subsidiaries, and can be settled in cash, shares or a combination, at CoreWeave's election. For shareholders, the notes add debt and could dilute holders on conversion, with up to 52,578,540 shares issuable at the maximum conversion rate, while capped call transactions are intended to reduce that dilution.
- Notes total $4.2 billion, including $500 million from the full exercise of the initial purchasers' option; they bear 2.875% interest, payable April 1 and October 1, beginning April 1, 2027.
- Initial conversion price is approximately $97.85 per share, a premium of about 22.50% over the September 17, 2026 last reported sale price of $79.88.
- A maximum of 52,578,540 Class A shares may be issued on full conversion, based on the maximum conversion rate of 12.5187 shares per $1,000 principal amount.
- CoreWeave may redeem the notes for cash from April 5, 2030 under certain conditions; holders may require repurchase at par plus accrued interest after a fundamental change.
Read the filing on SEC.gov ↗
Aug 11, 4:10 PM ET
CoreWeave reported second-quarter 2026 revenue of $2,575 million, up from $1,212 million a year earlier, and a $626 million net loss, up from $290 million. Operating income swung to a $49 million loss from a $19 million profit, and the company ended the quarter with approximately $104 billion in revenue backlog. The filing contains no new guidance; management said it would provide forward-looking guidance on the earnings call.
- Q2 2026 revenue was $2,575 million versus $1,212 million in Q2 2025.
- Net loss was $626 million, or $1.14 per share, compared with $290 million, or $0.60 per share, a year earlier.
- Operating loss was $49 million, compared with operating income of $19 million in Q2 2025.
- Revenue backlog was approximately $104 billion as of June 30, 2026, excluding more than $25 billion of net new commitments added in early Q3.
Read the filing on SEC.gov ↗
Aug 10, 4:10 PM ET
CoreWeave's subsidiary CoreWeave Financing DDTL V-V, LLC entered into a credit agreement on August 7, 2026 for a $2.6 billion delayed draw term loan facility, which the company announced as closed on August 10, 2026. The facility was used primarily to finance capital expenditures for customer contracts, including GPU servers and related infrastructure, and the parent guarantees the obligations, which are secured by substantially all of the borrower's assets. The new debt adds a secured obligation with a debt service coverage covenant of at least 1.35x, which shareholders may want to weigh against the company's other borrowings.
- Facility size is $2.6 billion, available in draws until the commitment termination date in December 2026
- Maturity date is September 1, 2031; priced at Term SOFR plus a 5.50% margin, with a 0.50% annual undrawn fee
- Parent CoreWeave, Inc. guarantees all obligations; debt service coverage ratio must be at least 1.35x starting after the earlier of full commitment reduction or December 31, 2026
- Facility received Ba2 from Moody's and BB+ from Fitch, according to the press release
Read the filing on SEC.gov ↗
Jun 18, 4:09 PM ET
CoreWeave completed a private offering of $1,250 million of 9.625% senior notes and €2,000 million of 8.500% senior notes, both maturing July 15, 2032. The company says it will use the proceeds for general corporate purposes, including repaying existing indebtedness, and to pay offering costs. The notes add to CoreWeave's debt obligations, and their terms include restrictive covenants limiting additional debt, dividends and asset sales.
- USD Notes: $1,250 million at 9.625%, maturing July 15, 2032
- EUR Notes: €2,000 million at 8.500%, maturing July 15, 2032
- Interest paid semi-annually in cash, beginning January 15, 2027; interest accrues from June 18, 2026
- Notes are senior unsecured, guaranteed by certain CoreWeave subsidiaries; optional redemption before July 15, 2029 includes a make-whole premium
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.