Nebius Group (NASDAQ: NBIS) shares rose 2.33% intraday after the Amsterdam-based AI cloud company announced its first senior secured debt facility, valued at approximately $775 million.
The facility is designed to fund the global buildout of Nebius’s full-stack AI cloud platform, marking a significant milestone in the company’s capital strategy.
The debt structure is backed by deployed GPU infrastructure and contracted cash flows from an investment-grade customer, giving lenders a tangible asset base as collateral.
The facility matures on October 31, 2030, and is priced at SOFR plus 2.50%, positioning it competitively within the current secured lending market.
Nebius framed the structure as a repeatable financing template, allowing the company to convert operational assets into fresh growth capital on an ongoing basis.
With more than $40 billion of contracted revenue already secured from investment-grade customers including Microsoft (NASDAQ: MSFT) and Meta (NASDAQ: META), the company sees significant runway for additional raises on similar terms.
Nebius said it expects to raise further capital by financing other long-term customer deployments, applying the same secured structure to future GPU infrastructure buildouts.
Together with the associated customer agreement, the facility covers more than 100% of the capital expenditure required to deploy the underlying GPUs supporting those contracts.
The financing was significantly oversubscribed and led by MUFG, signaling strong institutional appetite for structured debt backed by AI infrastructure assets.
Chief Operating Officer Ophir Nave said the deal reinforces the company’s “disciplined, diversified approach” to scaling its operations across global markets.
Nebius also confirmed it recently delivered its latest planned capacity tranche to Microsoft and said the company remains on track to complete all remaining scheduled deliveries.
The transaction underscores a broader trend of AI infrastructure companies tapping secured debt markets to accelerate buildouts without relying solely on equity raises.
