Nebius Group Secures $3.5 Billion Financing Facility from Citi
Nebius Group (NBIS) has established a $3.5 billion senior secured credit facility provided by Citigroup. The capital is intended to fund the company's global capacity expansion, specifically targeting its infrastructure needs as an AI cloud provider. The financing aims to provide Nebius with access to capital at attractive rates, facilitating the rapid build-out of its technological capabilities. This move positions the company to scale its operations within the competitive artificial intelligence and cloud computing sectors.
Topics: capital raising debt facility infrastructure expansion