Recent Updates — CRWV
CoreWeave, Inc. completed the upsized private offering of $4.2 billion aggregate principal amount of its 2.875% Convertible Senior Notes due 2033 on September 22, 2026. The notes bear interest payable semiannually and mature on April 1, 2033. They are convertible into CoreWeave’s Class A common stock at an initial rate of 10.2194 shares per $1,000 principal amount, representing a conversion price of approximately $97.85 per share. The company entered into capped call transactions with a cap price of $199.70 per share to mitigate potential dilution, costing approximately $566.2 million. Net proceeds were $4,137.0 million after deducting discounts. CoreWeave operates in the cloud infrastructure and artificial intelligence sector.
On September 17, 2026, CoreWeave announced a $3.0 billion private offering of convertible senior notes due 2033, with an option for up to $500 million in additional principal. The company also entered into an Equity Distribution Agreement allowing the sale of up to 35,000,000 shares of Class A common stock through at-the-market offerings and collared forward sale agreements. Proceeds will fund capped call transactions to mitigate dilution from note conversions and support general corporate purposes, including debt repayment and capital expenditures. CoreWeave operates in the artificial intelligence cloud infrastructure industry, providing high-performance computing platforms for AI training and inference.
CoreWeave reported financial results for the fiscal quarter ended June 30, 2026, announcing revenue of $2,575 million, a significant increase from $1,212 million in the prior year period. The company recorded an operating loss of $(49) million and a net loss of $(626) million, resulting in basic net loss per share of $(1.14). Adjusted EBITDA rose to $1,510 million from $753 million, with an adjusted EBITDA margin of 59%. Revenue backlog stood at approximately $104 billion as of June 30, 2026, excluding over $25 billion in new commitments added in early Q3. CoreWeave operates in the artificial intelligence infrastructure and cloud computing industry.
CoreWeave, Inc. entered into a $2.6 billion delayed draw term loan facility (DDTL 5.5 Facility) on August 7, 2026, with JPMorgan Chase Bank and MUFG Bank as joint lead arrangers. The facility matures on September 1, 2031, with availability until December 2026. Interest is priced at Term SOFR plus a 5.50% margin for SOFR loans or the base rate plus 4.50% for base rate loans. Proceeds will finance capital expenditures for GPU servers and infrastructure to support customer contracts. The transaction received Ba2 from Moody’s and BB+ from Fitch, was priced at SOFR + 5.50%, and is part of over $30 billion in capital raised year-to-date. CoreWeave operates in the artificial intelligence cloud computing industry, providing high-performance computing infrastructure.
CoreWeave, Inc. completed a private offering of $1,250 million in 9.625% Senior Notes due 2032 and €2,000 million in 8.500% Senior Notes due 2032. The proceeds will be used for general corporate purposes, including debt repayment and transaction fees. CoreWeave, Inc. is a cloud infrastructure provider specializing in GPU-accelerated computing services.
CoreWeave, Inc. announced on June 11, 2026, its intention to launch a private offering of $3.5 billion in aggregate principle amount of dollar-denominated and euro-denominated senior notes due 2032. The proceeds will be used for general corporate purposes, including debt repayment and transaction costs. CoreWeave, Inc. is a cloud infrastructure provider specializing in large-scale GPU-accelerated computing services.