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Benzinga
Benzinga
Business
Anusuya Lahiri

CoreWeave Stock Is Soaring Monday: What's Going On?

Shanghai,china-oct.21st,2024:,Coreweave,Company,Brand,Logo,On,Phone,Screen

CoreWeave (NASDAQ:CRWV) shares are trading higher on Monday following the company’s announcement of a private offering for $1.5 billion in senior notes due 2031.

These notes, which will be guaranteed on a senior unsecured basis by certain wholly-owned subsidiaries, are intended to fund general corporate purposes, including the repayment of outstanding debt and associated offering expenses.

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