Latham & Watkins Advises on CoreWeave’s US$2.25 Billion Convertible Senior Notes Offering

CoreWeave, Inc. (Nasdaq: CRWV) announced the pricing of its private offering of US$2.25 billion aggregate principal amount of its 1.75% convertible senior notes due 2031. The offering was upsized from the previously announced offering of US$2 billion aggregate principal amount of notes. The issuance and sale of the notes are scheduled to settle on December 11, 2025, subject to customary closing conditions. CoreWeave also granted the initial purchasers of the notes an option to purchase, for settlement within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional US$337.5 million aggregate principal amount of notes.

Latham & Watkins LLP represents the initial purchasers in the offering with a Capital Markets team led by partners Keith Halverstam, Greg Rodgers, Salvatore Vanchieri, and Andrew Blumenthal, with associates Kathleen Mehary, Andrew Bentz, Gabriella Tang, Bridget Carmody, and Sam Berry. Advice was also provided on derivatives matters by partner Reza Mojtabaee-Zamani, with associates Sloan Ungerman and Daniel Weiss; and on tax matters by partners Rene de Vera and Aaron Bernstein, with associate Valerie Silva Parra.