CoreWeave plans $3B convertible debt offering as AI infrastructure spending climbs
[CoreWeave](https://www.coreweave.com) reported $35.1B in debt and $15.553B in liquidity as of June 30th, after $14.9B in first-half investing outlays, including $14.1B for property and equipment.
By RuntimeWire Staff · Published
Primary source: Bloomberg Technology
Why it matters
CoreWeave is using convertible debt to finance infrastructure while limiting its immediate cash interest burden. The tradeoff is potential shareholder dilution and another layer of borrowing atop roughly $35.1 billion of debt reported at the end of June.
CoreWeave, an AI-focused GPU cloud provider, plans to raise $3 billion through convertible notes due in 2033, returning to the debt market under co-founder and CEO Michael Intrator.…