Nebius Group secures $775 million debt to fund AI cloud expansion

Nebius Group announced its first senior secured debt facility of approximately $775 million. The loan is backed by the company's deployed GPU infrastructure and cash‑flows from an investment‑grade customer agreement, and is priced at SOFR + 2.50% with a maturity of 31 October 2030. Nebius says the financing covers more than 100 % of the capital expenditure needed to expand its full‑stack AI cloud platform worldwide and will support capacity for AI‑native and enterprise customers.

The company already has over $40 billion of contracted revenue with customers such as Microsoft and Meta, and the debt issuance demonstrates its ability to fund growth on attractive, non‑dilutive terms. Nebius previously reported rapid revenue growth and a 32 % stock price decline from its peak, underscoring investor scrutiny of valuation versus execution.

Related reports in Portuguese and German confirm the same $775 million secured credit line and detail the loan’s structure, including the use of GPU assets as collateral. An additional $1.7 billion investment from Industrial Development Funding and Oaktree to deploy Bloom Energy fuel cells for Nebius data‑centers was also disclosed, highlighting further capital support for the company’s infrastructure rollout.