Nebius secures $3.5 billion Citi loan amid tightening neocloud debt markets
Nebius Group CEO Arkady Volozh said that while some capital sources have temporarily dried up, the company’s balance sheet remains healthy and it has enough financing to build at least one gigawatt of capacity. The firm obtained a $3.5 billion loan from Citigroup to support data‑center growth and GPU purchases. Volozh made the remarks on a podcast recorded at Nvidia’s GTC conference in Berlin. The comments came as Elon Musk warned that debt markets are largely closed for neocloud providers.
Why it matters
The new financing gives Nebius runway to continue expanding its AI‑infrastructure business despite a broader credit squeeze, which may limit share‑price volatility for investors. The loan’s maturity in October next year means the company will need to refinance or generate cash flow by then, creating a near‑term financing risk.
Key facts
- 1Nebius obtained a $3.5 billion loan from Citigroup. finance.yahoo.com
- 2The loan is intended to fund data‑center expansion and GPU purchases. 247wallst.com
- 3The facility matures in October 2027. finance.yahoo.com
- 4Nebius shares have fallen about 33 % this month. finance.yahoo.com
- 5Nebius reported $37.5 billion in remaining performance obligations and $8.04 billion in cash in its Q2 filing. 247wallst.com
- 6The company expects more than $9 billion of upfront customer pre‑payments in 2026. 247wallst.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.