CoreWeave prices $3.5 billion of 1.75% convertible notes due 2032

CoreWeave priced an upsized $3.5 billion private offering of 1.75% convertible senior notes maturing October 1, 2032. The initial conversion price is about $119.60 per share, and initial purchasers have an option for up to another $500 million. The low coupon is typical of convertibles, but holders can convert into stock, which can add dilution if the shares rise above that price.

• $3.5 billion aggregate principal amount, with an option for up to $500 million more
• 1.75% coupon, maturing October 1, 2032
• Initial conversion price of about $119.60 per share
• Settlement on April 14, 2026