From AI Insider · James Dargan · · 1m 10s
Nebius Secures $3.5B Citi Facility for AI Cloud Expansion
Nebius gets $3.5 billion from Citi to boost AI cloud capacity globally.
In brief
Nebius gets $3.5 billion from Citi to boost AI cloud capacity globally. Nebius secured a $3.5 billion Citi facility to expand AI infrastructure capacity. Originally reported by AI Insider.
Nebius Secures $3.5B Citi Facility
Nebius Group, the Amsterdam-headquartered AI cloud company listed on Nasdaq, has entered into a $3.5 billion senior secured facility provided by Citi to support the global expansion of its AI infrastructure.
Proceeds for Data Centers and GPUs
Proceeds will fund data center development and GPU procurement, along with general corporate purposes.
364-Day Maturity with Interest Terms
The facility has a 364-day maturity and initially carries interest at Term SOFR plus 2.75% per year, rising to a maximum of 3.50%.
Citi as Lead Arranger
Citi acted as mandated lead arranger, agent and security agent for the facility.
Funding Strategy for Flexibility
The financing forms part of a diversified and sequenced funding strategy that also draws on customer prepayments and operating cash flows, giving Nebius flexibility over the timing and structure of future capital raising.
What matters most
Nebius secured a $3.5 billion Citi facility to expand AI infrastructure capacity.
