Glossary / finance terms
Convertible note
Debt that may or must convert into equity or another security under specified terms.
Why the distinction matters
Read conversion conditions, settlement choice, investor puts and redemption rights. A low coupon reflects only one part of the financing economics and does not remove repayment risk.
Read the structure
Read the equity option, cash obligations and maturity together.
Convertible finance for neoclouds ↗In the filed deals
CoreWeave has issued 1.75% and 2.875% convertible notes; dozens of ex-miner convertibles appear in the library.
For in-house counsel
Take it to the documents
The filed wording behind GPU and data centre financings, for either side of the table. Previews are open; the full text is free with InfraCompute Weekly.
- Financing clause libraryCash traps, coverage ratios, cures and step-in, from the filed deals.
- Contract libraryGPU contracts, leases, power, equity and JVs, quoted from filed contracts.
- Issues list builderBuild an issues list from the lender’s or the borrower’s side.
- The legal desk for in-house counselContract library, issues lists, checklists and English law notes.
Related terms
Explanatory definition, not a statement that a particular transaction contains this term or a substitute for its contractual definition.
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