Latham Advises on CoreWeave’s Debt Offerings Totaling US$5.25 Billion

CoreWeave, Inc. (Nasdaq: CRWV) has announced a private offering of US$3.5 billion aggregate principal amount of its 1.75% convertible senior notes due 2032. 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 April 14, 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.

CoreWeave also announced a private offering of US$1.75 billion aggregate principal amount of 9.750% senior notes due 2031, which represents a US$500 million increase from the previously announced size of the offering. The closing of the offering of the notes is expected to occur on April 14, 2026, subject to customary closing conditions.

Latham & Watkins LLP represented the banks in connection with the offering of convertible senior notes due 2032 with a corporate team led by partners Keith Halverstam, Greg Rodgers, Salvatore Vanchieri, and Andrew Blumenthal, with associates Kathleen Mehary, Andrew Bentz, Robin Spiess, Steve Hess, Bridget Carmody, and Sam Berry. Advice was also provided on convertible debt matters by partner Reza Mojtabaee‑Zamani, with associates Sloan Ungerman, Daniel Weiss, and assistance from Jackson Davenport; and on tax matters by partner Rene de Vera, with associate Sam Yang.

Latham also represented the banks in connection with the offering of senior notes due 2031 with a corporate team led by partners Keith Halverstam and Salvatore Vanchieri, with associates Kathleen Mehary, Gabriella Tang, Bridget Carmody, and Sam Berry. Advice was also provided on tax matters by partner Rene de Vera, with associate Sam Yang.