Nebius plans USD 4.5 billion convertible senior notes offering - NBIS News | RalliesNebius plans USD 4.5 billion convertible senior notes offering
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NBIS• Convertible notes offering and use of proceeds
- Nebius plans a private offering of USD 4.5 billion of convertible senior notes in two tranches.
- Issuance includes USD 2.75 billion of convertible notes due 2030, USD 1.75 billion of convertible notes due 2034.
- Initial purchasers may get a 13-day option for up to an extra USD 375 million of 2030 Notes, USD 300 million of 2034 Notes.
- Proceeds earmarked for AI cloud growth, data center build-out, footprint expansion, GPU procurement, general corporate purposes.
- Company expects separate exchanges of some 2029 Notes or 2031 Notes into Class A shares alongside the offering.
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