Latham & Watkins Advises on CoreWeave’s Upsized US$4.2 Billion Convertible Senior Notes Offering

CoreWeave, Inc. (Nasdaq: CRWV) has announced the pricing of its private offering of US$3.7 billion aggregate principal amount of its 2.875% convertible senior notes due 2033. The offering was upsized from the previously announced offering of US$3 billion aggregate principal amount of notes. The issuance and sale of the notes are scheduled to settle on September 22, 2026, 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$500 million aggregate principal amount of notes.

Latham & Watkins LLP advised the initial purchasers in the transaction with a Capital Markets team led by partners Keith Halverstam, Greg Rodgers, Salvatore Vanchieri, and Andrew Blumenthal, with associates Katie Mehary, Andrew Bentz, Jessmine Lee, and Steve Hess, with assistance from Gabriel Andrade. Advice was also provided on derivatives matters by partner Reza Mojtabaee-Zamani, with associates Sloan Ungerman, Daniel Weiss, and Adam Zhang; and on tax matters by partners Rene de Vera and Aaron Bernstein, with associates Sam Yang and Jack Santoro.