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FINWIRES

CoreWeave Prices Upsized $3.7 Billion Private Debt Offering

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CoreWeave (CRWV) priced a $3.7 billion private offering of 2.875% convertible senior notes due April 1, 2033, upsized from a previously planned $3 billion, the company said Friday.

Initial purchasers have an option to buy up to an additional $500 million of notes.

The company expects the offering to close Tuesday and plans to use part of the estimated $3.64 billion net proceeds to fund certain capped call transactions, among other things, it said.

CoreWeave shares were up 1% in premarket activity.

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