CoreWeave announced on May 21, 2025, a $2 billion debt offering, pricing notes at 9.25% with a June 2030 maturity date. This offering represents a $500 million increase from its initial announcement.
The company confirmed that the debt offering was five times oversubscribed, indicating strong investor demand for its debt. CoreWeave plans to use the capital raised to pay off outstanding debt and support its strategy to drive AI cloud computing infrastructure.
This financing move is crucial for CoreWeave to fund its substantial capital expenditures, which are projected at $20 billion to $23 billion for the full year 2025. It enables the company to continue scaling its operations to meet surging demand from major clients.
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