CoreWeave Inc. (NASDAQ: CRWV) announced the pricing of a private offering of $1 billion aggregate principal amount of 9.750% senior notes due 2031. The notes will mature on October 1, 2031, with the offering expected to close on April 21, 2026, subject to customary closing conditions.

The notes will be issued at 102.000% of their principal amount and will be guaranteed on a senior unsecured basis by certain wholly-owned subsidiaries of CoreWeave. These notes represent additional securities under an existing indenture from April 14, 2026, under which CoreWeave previously issued $1.75 billion in aggregate principal amount of 9.750% senior notes due 2031.

CoreWeave stated it intends to use the proceeds for general corporate purposes, including repayment of outstanding debt and to cover fees, costs and expenses related to the offering.

The notes were offered only to qualified institutional buyers under Rule 144A of the Securities Act of 1933 or to non-U.S. persons under Regulation S. The securities have not been registered under the Securities Act and may not be offered or sold in the United States except under specific exemptions.

CoreWeave describes itself as a cloud computing platform focused on artificial intelligence applications. The company completed its public listing on Nasdaq in March 2025, according to the press release.