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CoreWeave Launches $3 Billion Convertible Bond Offering Due 2033
According to Bloomberg, CoreWeave, a US-based cloud provider for AI computing, launched a $3 billion convertible bond offering due in 2033 on September 17. The company also established an at-the-market program to sell up to 35 million shares over time. Proceeds will support general corporate purposes and derivative agreements related to the transaction, with an additional $500 million available if the upsize option is exercised. The offering follows CoreWeave's July leveraged loan of $2.6 billio
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