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.

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.

  • 1Nebius secured a senior secured credit facility of $3.5 billion.
  • 2The facility has a 364‑day maturity.
  • 3Interest is set at Term SOFR plus 2.75 % to a maximum of 3.50 % per annum.
  • 4Proceeds will be used for data‑center development, GPU procurement and general corporate purposes.
  • 5Citi serves as the mandated lead arranger, agent and security agent for the loan.

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