CoreWeave completes $1.75 billion senior notes and $4 billion convertible notes offering
On April 14, 2026, CoreWeave completed two private debt offerings to qualified institutional buyers: $1.75 billion of 9.750% Senior Notes due 2031 and $4 billion of 1.75% Convertible Senior Notes due 2032, including a $500 million option exercised in full. CoreWeave says it will use the senior note proceeds for general corporate purposes, including repaying existing indebtedness. The convertible notes can be settled in cash, Class A shares, or a mix, at CoreWeave's election, which could add up to 43,478,000 shares to the share count if converted at the maximum rate.
Key points
- Senior Notes: $1.75 billion, 9.750% coupon, mature October 1, 2031, interest paid April 1 and October 1 starting October 1, 2026
- Convertible Notes: $4 billion including a $500 million option exercised in full, 1.75% coupon, mature October 1, 2032
- Initial conversion price of about $119.60 per share, a 30.0% premium to the April 9, 2026 last reported sale price
- Convertible notes cannot be redeemed before October 8, 2029; maximum conversion would issue up to 43,478,000 Class A shares
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.