Nebius secures $3.5 billion Citi facility for AI infrastructure expansion
Nebius ($NBIS) entered into a $3.5 billion senior secured financing facility with Citi ($C) to support data-center construction, GPU purchases and general corporate needs. The facility has a 364-day maturity and initially carries interest at term SOFR plus 2.75 percentage points, with the margin potentially increasing to 3.50 points under the agreement. The financing adds liquidity as Nebius builds infrastructure against substantial long-term customer commitments. Management said it complements
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