Nebius completes $775 million debt financing to expand its AI cloud platform

Nebius has completed its first senior secured debt financing of approximately $775 million, which will be used to expand its AI cloud platform. The financing will be supported by deployed GPU infrastructure and investment grade customer contract cash flow. The debt will mature in 2030, with an interest rate of SOFR+2.50%. Nebius currently has over $40 billion in contract revenue from clients such as Microsoft and Meta.