Financing ·
Nebius Group N.V. announced a proposed private offering of $4.50 billion in aggregate original principal amount of…
NBISNebius Group N.V.
Nebius Group N.V. announced a proposed private offering of $4.50 billion in aggregate original principal amount of convertible senior notes on August 19, 2026. The issuance consists of two series: $2.75 billion of convertible notes due 2030 and $1.75 billion due 2034. An option to purchase up to an additional $375 million of the 2030 Notes and $300 million of the 2034 Notes is also expected. Proceeds will fund data center construction, AI cloud development, GPU procurement, and general corporate purposes. Concurrently, the company may enter into privately negotiated exchanges with holders of existing convertible notes due 2029 and 2031 to swap debt for Class A ordinary shares. Nebius Group operates in the artificial intelligence infrastructure industry as a full-stack AI cloud provider.