CoreWeave sells $3 billion convertible notes, with $500 million option
CoreWeave (CRWV) started selling $3 billion of convertible notes, with buyers also having an opportunity to acquire another $500 million.
CoreWeave Inc. (CRWV, Financials), the Nvidia-backed AI cloud infrastructure provider, has plenty of demand. The more difficult part is funding the capacity to meet it. The company has begun selling $3 billion of convertible notes, and buyers have the option to purchase another $500 million.