CoreWeave Secures $2 Billion in Senior Notes to Fuel AI Expansion
CoreWeave, Inc. has closed a $2 billion private offering of senior notes, carrying a 9.250% interest rate and maturing in 2030. The proceeds will bolster its AI cloud platform and repay existing debts.
The offering, guaranteed by subsidiary CoreWeave Cash Management LLC, targets qualified institutional buyers under Rule 144A. This strategic MOVE underscores the growing capital demands of AI infrastructure players.