09:55 AM EDT, 05/19/2025 (MT Newswires) -- (Updates headline and last two paragraphs to add details of term loan facility.)

CoreWeave ( CRWV ) said Monday it plans to issue $1.5 billion in senior notes due 2030 through a private offering.

The company said the notes will be guaranteed on a senior unsecured basis by its wholly owned subsidiary, CoreWeave Cash Management.

Proceeds from the offering will be used for general corporate purposes, including repaying existing debt and covering fees and expenses related to the issuance, it added.

CoreWeave ( CRWV ) also said it is in the process of entering into a new delayed draw term loan facility with one or more of its subsidiaries for up to $2.6 billion in loans.

The company said it intends to use borrowings under the facility to fund the purchase and maintenance of certain equipment, hardware, infrastructure, and other systems to provide certain services to an undisclosed customer.

CoreWeave ( CRWV ) shares were 1.5% higher in recent trading.

Price: 79.21, Change: -1.09, Percent Change: -1.36