Financing ·
Nebius Group N.V. priced a $5.0 billion upsized private offering of convertible senior notes, consisting of $3.0…
NBISNebius Group N.V.
Nebius Group N.V. priced a $5.0 billion upsized private offering of convertible senior notes, consisting of $3.0 billion in 0.50% notes due 2030 and $2.0 billion in 4.50% notes due 2034. The offering includes options for up to an additional $750 million in principal. Concurrently, the company exchanged $800 million of existing convertible notes (2029 and 2031 series) for approximately 15.8 million Class A ordinary shares. Net proceeds are estimated at $4.94 billion, rising to $5.68 billion if options are exercised, with funds allocated to data center construction, GPU procurement, and AI cloud development. The company operates in the artificial intelligence cloud infrastructure industry.