Nebius Completes $775 Million Secured Debt Financing for AI Cloud Expansion

Nebius said it has completed its first secured debt financing of about $775 million. According to Odaily, the funding will be used to expand its AI cloud platform and is backed by deployed GPU infrastructure and cash flow from investment-grade customer contracts. The debt financing matures in 2030 and carries an interest rate of SOFR plus 2.50%. Nebius said it has more than $40 billion in contracted revenue from customers including Microsoft and Meta.