Nebius Secures $775 Million to Boost Global AI Cloud Expansion

Nebius Group N.V. has announced a $775 million senior secured debt facility to enhance its AI cloud platform globally. This marks the company's first secured debt and is aimed at accelerating its infrastructure growth. The debt is backed by GPUs and stable cash flows from a partnership with an investment-grade client. This financial move indicates Nebius's ability to secure growth funds at advantageous terms and sets a foundation for future capital raising.

The facility matures in 2030 and is priced at SOFR + 2.50%. It covers all capital expenditure for the current infrastructure deployment. The financing aligns with Nebius's strategic focus on sustainable and profitable growth, leveraging disciplined financial practices.

The transaction was highly oversubscribed, led by MUFG. It supports Nebius's broader strategy of transforming operational infrastructure into growth capital. With existing commitments from clients like Microsoft and Meta, Nebius expects future capital raising at favorable terms.