CoreWeave announces intention to offer senior notes; shares down

Shares of Nvidia-backed CoreWeave CRWV.O fall 2.3% to $78.10

CRWV announces intention to offer $1,500 million of senior notes, the proceeds from which will be used to repay outstanding debt

CRWV says it is entering new delayed draw term loan facility (DDTL) for up to $2.6 billion

Co intends to use borrowings under the DDTL facility to fund the purchase and maintenance of certain equipment, hardware, infrastructure and other systems

Says entry into the DDTL facility and negotiations are subject to uncertainties

As of last close, CRWV had nearly doubled from its March IPO price