We advised CoreWeave on the offering

Davis Polk advised CoreWeave, Inc. in connection with an offering of $4 billion aggregate principal amount of its 1.75% convertible senior notes due 2032, which included $500 million aggregate principal amount of notes pursuant to the exercise in full of the initial purchasers’ option to purchase additional notes. The notes are convertible into cash, shares of Class A common stock or a combination of cash and Class A common stock. We also advised the company on the capped call transactions related to the convertible senior notes offering.

CoreWeave is The Essential Cloud for AI. Built for pioneers by pioneers, CoreWeave delivers a platform of technology, tools and teams that enables innovators to move at the pace of innovation, building and scaling AI with confidence. Trusted by leading AI labs, startups and global enterprises, CoreWeave serves as a force multiplier by combining superior infrastructure performance with deep technical expertise to accelerate breakthroughs.

The Davis Polk capital markets team included partners Michael Kaplan and Hillary A. Coleman, counsel Steven Glendon and associate Paul M. Sessa. The equity derivatives team included partners Mark M. Mendez and Caitlin L. Wood, counsel Gregory E. Marchesini, and associates Richard Stockton Bullitt and Chanique C. Vassell. Partner Corey M. Goodman provided tax advice. All members of the Davis Polk team are based in the New York office.

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