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

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Nebius has finalized a $775 million senior secured debt financing to scale its AI cloud platform. The transaction, backed by GPU infrastructure and cash flows from top-tier clients, carries an interest rate of SOFR+2.50% and matures in 2030. The company has over $40 billion in contracted revenue from clients such as Microsoft and Meta. This development occurs amid rising interest rates and increasing demand for AI and crypto-related news.
ME AI news: neocloud company Nebius has announced the completion of its first senior secured debt financing of approximately $775 million. The proceeds will be used to expand its AI cloud platform and are backed by cash flows from deployed GPU infrastructure and investment-grade customer contracts. This debt financing matures in 2030 with an interest rate of SOFR + 2.50%. Nebius currently has over $40 billion in contracted revenue from customers including Microsoft and Meta. (Source: ODAILY)
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