Financing ·
Nebius Group N.V. closed a private offering of convertible senior notes with aggregate gross proceeds of approximately…
NBISNebius Group N.V.
Nebius Group N.V. closed a private offering of convertible senior notes with aggregate gross proceeds of approximately $5.75 billion. The issuance consists of two series: $3.45 billion in principal amount of 0.50% Convertible Senior Notes due 2030 and $2.3 billion in principal amount of 4.50% Convertible Senior Notes due 2034, including full exercise of over-allotment options for an additional $750 million. Concurrently, the company exchanged $800 million aggregate principal of existing notes (2029 and 2031 series) for approximately 15.8 million Class A ordinary shares through individually negotiated transactions with a limited number of holders. Net proceeds will finance data center construction, AI cloud development, GPU procurement, and general corporate purposes. Nebius Group N.V. operates in the artificial intelligence infrastructure industry, providing full-stack cloud computing platforms for developers and enterprises.