CoreWeave issued $4 billion of 1.75% convertible notes and $1.75 billion of 9.750% senior notes on Apr 14, 2026

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

On Apr 14, 2026, CoreWeave completed a private offering of $4 billion in principal amount of 1.75% convertible senior notes due 2032. Convertible notes are debt that can be turned into shares; these can be settled in cash, Class A shares or a mix, at CoreWeave's choice. The total includes the full exercise of the initial purchasers' option to buy an additional $500 million. The same day CoreWeave also completed $1.75 billion of 9.750% senior notes due 2031. CoreWeave reported both in a Form 8-K, the report a US-listed company files after a significant event, filed on Apr 14, 2026.1^,2^,3^,4^,5

The convertible notes carried interest of 1.75% a year, payable twice a year from Oct 1, 2026, with a maturity date of Oct 1, 2032. Their initial conversion price was approximately $119.60 a share, a premium of approximately 30.0% over the last reported sale price on Apr 9, 2026. The filing set a maximum of 43,478,000 shares issuable if all of them converted, at the maximum conversion rate. Net proceeds were $3,940.0 million after the initial purchasers' discounts and before offering expenses; CoreWeave used part to fund the capped calls and said it intended to use the rest for general corporate purposes.6^,7^,8^,9^,10^,11

CoreWeave had entered into capped call transactions with a group of financial institutions on Apr 9, and further ones on Apr 10 after the initial purchasers exercised their option. The filing said the transactions were expected generally to reduce the potential dilution to its Class A common stock upon any conversion of the convertible notes, or to offset cash payments above the notes' principal, subject to a cap. The cap price started at $230.00 a share, 150.0% above the $92.00 last reported sale price on Apr 9, 2026, and the capped calls cost $492.0 million.12^,13^,14^,15

The senior notes carried 9.750% interest, payable twice a year from Oct 1, 2026, with a maturity date of Oct 1, 2031. CoreWeave said it intended to use their proceeds for general corporate purposes, including repaying debt. The text of the Apr 14 filing printed the principal of the senior notes as $1,750,000; CoreWeave's 8-K filed Apr 21, 2026, gave the same Apr 14 issue as $1,750,000,000, the figure used here.16^,17^,18^,4^,19

On Jan 23, 2026, CoreWeave had sold NVIDIA 22,935,780 Class A shares at $87.20 a share for $2 billion in cash, and on Mar 30, 2026 a subsidiary signed an $8.5 billion delayed draw term loan facility. After this filing, on Apr 15, 2026, CoreWeave sold 9,174,311 Class A shares to Jane Street Global Trading at $109.00 a share for approximately $1.0 billion in cash. On Apr 21, 2026 it completed an additional $1,000,000,000 of the same senior notes, for a total of $2,750,000,000.20^,21^,22^,23^,24^,25^,19^,26