Nebius enters first senior secured debt facility for about $775 million

Nebius Group entered a first senior secured debt facility for about $775 million to accelerate its global AI cloud buildout.

• The facility is backed by deployed GPU infrastructure and contracted cash flows tied to an investment-grade customer agreement.
• It matures Oct. 31, 2030 and is priced at SOFR + 2.5%.
• Combined with customer cash flows, financing is expected to cover more than 100% of capex to deploy the underlying GPU infrastructure.
• MUFG led the facility as structuring agent, sole bookrunner and underwriter. The syndicate included ABN AMRO, Bank of America and Deutsche Bank.