CoreWeave Expands Convertible Notes Offering To $3.7 Billion

CoreWeave, Inc. (NASDAQ: CRWV) has expanded its private offering of convertible senior notes to $3.7 billion, up from a previously announced $3.0 billion. The notes will carry a 2.875% annual interest and are due in 2033, with an option for initial purchasers to buy an additional $500 million in notes. The company also established an at-the-market stock offering program for up to 35 million Class A shares, as it reports stronger pricing for compute capacity and significant customer commitments.