Nebius Completes Approximately $775 Million Senior Secured Debt Financing to Expand AI Cloud Platform

Odaily reports that neocloud company Nebius has announced the completion of its first approximately $775 million senior secured debt financing. The financing will be used to expand its AI cloud platform and is backed by deployed GPU infrastructure and cash flows from investment-grade customer contracts. The debt financing matures in 2030 and carries an interest rate of SOFR+2.50%. Nebius currently holds over $40 billion in contract revenue from clients including Microsoft and Meta.