Nebius has completed its first senior secured debt financing of about $775 million, with the proceeds earmarked for expanding its AI cloud platform. The facility is backed by deployed GPU infrastructure and cash flow from investment-grade customer contracts, according to BlockBeats. The debt carries a maturity date in 2030 and is priced at SOFR + 2.50%. Nebius said the financing, together with customer cash flow, covers more than 100% of the related capital expenditure requirements. The company also said it currently holds more than $40 billion in contracted revenue from customers including Microsoft and Meta. The deal gives Nebius fresh funding tied directly to infrastructure already in place and to existing customer agreements, laying out how it plans to support continued buildout of its AI cloud business.
Nebius has completed its first senior secured debt financing of about $775 million, with the funds set to expand its AI cloud platform, according to BlockBeats on July 17.
The financing is backed by deployed GPU infrastructure and cash flow from contracts with investment-grade customers. Its terms include a 2030 maturity and an interest rate of SOFR + 2.50%.
Nebius said the financing, combined with customer cash flow, covers more than 100% of the related capital expenditure needs. The company currently has more than $40 billion in contracted revenue from customers including Microsoft and Meta.
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