CoreWeave closes $2.5875B convertible note offering at 1.75%, due 2031

CoreWeave, Inc.

Total principal $2.5875B including full greenshoe; net proceeds ~$2.542B after discounts.
Interest 1.75% semiannual, maturity Dec 1, 2031; conversion at $107.80 (25% premium over $86.24 close).
Entered $340M in capped call transactions to reduce dilution; remaining proceeds for general corporate purposes.
Conversion rate 9.2764 shares/$1k; notes redeemable after Dec 5, 2028 if stock >=130% of conversion price.

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