Nebius Group N.V., an AI cloud infrastructure provider, has secured its initial senior secured debt facility worth approximately $775 million to accelerate the global expansion of its full-stack AI cloud platform. Backed by deployed GPU assets and contracted revenue streams from an investment-grade client, the financing matures on October 31, 2030, at a rate of SOFR + 2.50%. This capital structure fully covers the capital expenditure required to deploy the underlying GPU hardware while providing a repeatable blueprint for leveraging over $40 billion in additional commitments from major enterprise clients like Microsoft and Meta. Led by MUFG alongside a prominent banking syndicate including Bank of America, HSBC, Deutsche Bank, and Goldman Sachs, the oversubscribed transaction allows Nebius to effectively convert operational infrastructure into scalable growth capital.
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Highlighting the significance of the transaction, Ophir Nave, Chief Operating Officer of Nebius, stated: “We are executing across all the areas that matter for growth: securing capacity, raising capital, strengthening our product offering, and developing other capital-efficient models to scale even further and faster. This financing is an important step in that strategy, and reinforces our confidence that our disciplined, diversified approach from owned data centers to asset-light partnerships together with robust demand for our high-value software stack, will enable us to build a sustainable AI cloud business with strong and durable margins.” Ultimately, this asset-level financing model positions Nebius to rapidly scale high-value compute capacity globally while maintaining long-term financial discipline.
