CoreWeave Prices Upsized $2.25 Billion Convertible Senior Notes Offering
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CoreWeave Inc. has priced its upsized $2.25 billion convertible senior notes offering, increased from $2 billion. Purchasers can buy an additional $337.5 million within 13 days. Net proceeds are estimated at $2,210.6 million, or $2,542.2 million if fully exercised. $295.7 million will fund capped call transactions, with the rest for corporate purposes. The cap price is $215.60 per share, a 150% premium over CoreWeave's last stock price.
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