CoreWeave (CRWV) announced plans to issue $3 billion in convertible senior notes due 2033 through a private placement, with an additional $500 million overallotment option available to initial purchasers. The unsecured senior debt will mature on April 1, 2033, and may be converted into Class A common stock, cash, or a combination thereof under specified conditions, with interest rates and conversion prices to be determined at pricing. The company intends to use a portion of the proceeds to fund capped call transactions related to the offering, while allocating remaining funds toward general corporate purposes. The notes will be guaranteed by CoreWeave and its wholly-owned subsidiaries as senior unsecured obligations.