Nebius Group N.V. files 6-K: foreign-issuer report (6-K)

● Marks next step in Nebius’s strategy to fund global capacity build-out on attractive terms

● Advances diversified capital structure built on a disciplined balance sheet

● Increases flexibility over timing and structure of longer-term financing to fuel growth in 2027 and beyond

Nebius Group N.V. (Nasdaq: NBIS), the AI cloud company, today announced that it has entered into a $3.5 billion senior secured facility provided by Citi.

The facility provides access to capital at attractive rates to support Nebius’s global capacity build-out, and advances the company’s diversified and sequenced funding strategy.

It complements a funding base that includes customer prepayments and operating cash flows with other financing mechanisms.

This provides flexibility over the timing and structure of further external capital-raising as the company continues to execute on its global build-out plans.

Ophir Nave, Chief Operating Officer of Nebius , said:

“We continue to execute our funding strategy as planned, and are pleased to have secured this financing from a leading global financial institution. This is a result of our disciplined approach to managing our balance sheet to fund our portfolio of projects, and once again demonstrates our ability to choose when and how we raise capital to support our growth.

“Sequencing our financing is how we optimize our long-term cost of capital. This facility provides additional financing to support our near-term capacity build-out. We still have a range of capital sources available to us to finance the next phase of growth, including asset-backed financing based on investment-grade customer commitments of more than $40 billion of long-term contracts.”

The facility has a 364-day maturity and initially bears interest at Term SOFR plus 2.75% per annum, increasing up to a maximum of 3.50% per annum, and subject to other adjustments.

The proceeds will be used for data center development and GPU procurement, as well as for general corporate purposes.

Citi acted as mandated lead arranger, agent and security agent.