Nebius has completed approximately $775 million in senior secured debt financing to expand its AI cloud platform

Neocloud company Nebius announced the completion of its first senior secured debt financing of approximately $775 million. This financing will be used to expand its AI cloud platform and is supported by deployed GPU infrastructure and cash flow from investment-grade customer contracts.

This debt financing will mature in 2030, with an interest rate of SOFR + 2.5%. Nebius currently has over $40 billion in contract revenue from clients such as Microsoft and Meta.