Nebius Group N.V. (Nasdaq: NBIS) announced it has entered into a $3.5 billion senior secured financing facility with Citi. The company said the facility provides capital at attractive rates to support global expansion and investment in AI infrastructure.
Proceeds will fund data center development, GPU procurement and general corporate purposes.
The financing complements customer prepayments and operating cash flows, giving Nebius flexibility to raise future capital as it scales.