Nebius Group Announces Convertible Notes Offering

Nebius Group N.V., based in Amsterdam, has announced the launch of convertible notes and Class A shares offerings. The initiative aims to support the growth of its AI cloud business. Recent contracts, including one with Microsoft, are expected to enhance this growth.

The proceeds will be used for acquiring compute power, expanding data centers, and other corporate purposes. This strategy is designed to scale Nebius's global data center portfolio and expand its customer base from AI startups to larger enterprises.

Maintaining flexible financial strategies, Nebius intends to mitigate shareholder dilution. They aim to fund capital expenditures through cash flows and debt secured under favorable contract terms.