7/1012 sources · 10 publishersUpdated Oct 22, 18:08 UTC
Nebius secures $3.5 billion senior secured facility from Citi
Nebius Group announced a senior secured credit facility of $3.5 billion arranged by Citi. The loan matures in 364 days and carries a variable rate of Term SOFR plus 2.75 % to 3.50 % per annum. Proceeds will be applied to data‑center expansion, GPU purchases and other corporate purposes. Citi acts as the mandated lead arranger, agent and security agent.
Why it matters
The announcement triggered a sell‑off, with the stock falling between 3% and 7% in intraday trading, reflecting investor worries about added leverage. Piper Sandler reduced its price target by 22 % to $185, citing debt‑funded growth concerns.
Key facts
- 1Nebius secured a senior secured credit facility of $3.5 billion. ksevradio.com
- 2The facility has a 364‑day maturity. stocktitan.net
- 3Interest is set at Term SOFR plus 2.75 % to a maximum of 3.50 % per annum. marketscreener.com
- 4Proceeds will be used for data‑center development, GPU procurement and general corporate purposes. rttnews.com
- 5Citi serves as the mandated lead arranger, agent and security agent for the loan. finanznachrichten.de
Summary written by AlphAI AI Desk from 12 of 12 sources. Not investment advice. Figures are as stated by the linked sources.