BUZZ — CoreWeave rises after boosted $3.7 bln convertible debt sale

* Shares of AI cloud provider CoreWeave up 0.9% at $80.60 in premarket trading on Fri after above-target convertible offering * CRWV announces pricing private offering of $3.7 bln 2.875% convertible bonds (CBs) due Apr 1, 2033 * Offering size increased from $3 bln; conversion price of $97.85 set 22.5% above stock's last sale of $79.88 on Thurs * CRWV stock finished down ~4% on Thurs after co launched the CBs for general corp purposes and said it plans to sell up to 35 mln shares in an "at-the-market" (ATM) offering program, as part of its effort to move toward an investment-grade credit profile * At current stock price levels, the ATM program could raise another $2.8 bln * CRWV intends to use approx $498.8 mln of net proceeds from the CBs to fund cost of capped call transactions; cap price of $199.70 represents 150% premium over stock's last close * Co early Thurs also said in Q3 it signed short-dated customer contracts for compute capacity priced at about $40 mln per megawatt on an annualized basis, and that it increased contracted power to about 4.2 gigawatts as of Aug 11 from approx 3.7 GW at end-Jun * At Thurs close, CRWV stock up ~12% YTD * Avg rating of 40 analysts is "buy";