Commentary & Deal Flow

+++Adds complete joint bookrunners on both tranches+++

CoreWeave Inc (CRWV) US$3.5bn equivalent (uS$/EUR)144A/Reg S 6yNC3 sr notes 2-part. (Existing B1)/B/BB- (--/positive/positive). Via JPM+. No reg rights. Tranche split TBD.

- US$ TBA due 2032 (6y). NC3 (MWC T+50bp) (50%,25%,par). Equity claw: 3y 40%. CoC at 101. Denoms: 2kx1k. Via JPM/GS/MS/MUFG/Citi/CA/DB/SMBC/WFS/PNC/SocGen/TD/USB jt books. NY law. 144A CUSIP: 21873SAK4; ISIN: US21873SAK42. Reg S CUSIP: U2069EAE0; ISIN: USU2069EAE06. IPT: high 9s.

- EUR TBA due 2032 (6y). NC3 (MWC B+50bp) (50%,25%,par). Equity claw: 3y 40%. CoC at 101. Denoms: 100kx1k. Via JPM/CA/DB/GS/MS/MUFG/Citi/SMBC/WFS/PNC/SocGen/TD/USB jt books. NY law. List ISE. 144A Common code: 333313952; ISIN: XS3333139528. Reg S Common code: 333313928; ISIN: XS3333139288. IPT: high 8s.

Investor call at at 7am NYT/12pm UKT 06/11. Pricing 06/11. UOP: GCP. Biz: provides AI software and cloud services. HQ: Livingston, NJ.

GIC Registration link: https://www.netroadshow.com/events/login/1PeTHmohJYJmCZN7sf6E9jC499N3h08vgxx6n

Roadshow: http://www.netroadshow.com/nrs/home/#!/?show=b0560767 or visit http://www.netroadshow.com with entry code: CoreWeave26 (not case-sensitive)

GIC replay: http://www.netroadshow.com/nrs/home/#!/?show=984bd202 or visit http://www.netroadshow.com with entry code: COREWEAVEHY2026 (not case-sensitive)