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 an initial approximately $775 million senior secured debt financing. The financing will be used to expand its AI cloud platform, backed by deployed GPU infrastructure and cash flows from investment-grade customer contracts. This 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.