# CoreWeave completes $4.2 billion convertible notes offering

_Published Wednesday, September 23, 2026 at 1:22 PM EDT · Products, Infrastructure · Latest · Tier 1 — Major_

CoreWeave completed a $4.2 billion private offering of convertible senior notes on September 22, according to an SEC filing. The total includes $500 million purchased through an option exercised in full by the initial buyers.

The notes pay 2.875% annual interest and mature in 2033 unless converted, redeemed or repurchased earlier. CoreWeave can settle conversions in cash, shares or both. The initial conversion rate is 10.2194 shares per $1,000 of principal, equivalent to an initial conversion price of approximately $97.85 per share. Issuing shares on conversion could dilute existing holders.

## Sources

- [SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1769628/000176962826000432/crwv-20260917.htm)

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Canonical: https://techandbusiness.org/newswire/0v61xhHJQVAPjQTHFtntxV
Published: 2026-09-23T17:22:39.189Z
Story chronology: 2026-09-22T12:00:00.000Z
Retrieved: 2026-09-23T18:48:28.132Z
Publisher: Tech & Business (techandbusiness.org)