Nebius secures $3.5 billion financing facility with Citi
Nebius Group secured a $3.5 billion senior secured financing facility from Citi to fund its global AI cloud capacity build-out. The 364-day facility bears interest at Term SOFR plus 2.75%, rising to a maximum of 3.50%, with proceeds earmarked for data center development, GPU procurement and general corporate purposes.
Key figures
- Deal Value Usd
- 3500000000
- Maturity
- 364-day
- Initial margin
- Term SOFR + 2.75%
- Maximum margin
- Term SOFR + 3.50%
- Long term customer contracts
- more than $40 billion
AI analysis
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