CoreWeave shares lost 8% in value.

CoreWeave's Convertible Debt Needs

CoreWeave shares fell by 8% after the company announced it would make a private offering of $2 billion in convertible debt. These bonds are set to mature in 2031, and are expected to offer an interest rate between 1.5% and 2%. Additionally, it has been stated that investors could receive a premium between 20% and 30%.

Recently, CoreWeave shares have been facing tough times following a rise after their IPO. The stock has lost approximately 50% of its value in the last six months.