Nebius Group (NBIS) said Friday it obtained about $775 million in its initial senior debt facility to accelerate the global expansion of its artificial intelligence cloud platform.
The financing arrangement is supported by active computing hardware and guaranteed payments from a highly rated client, the company said.
The loan is scheduled to mature in late 2030 and carries an interest rate of SOFR plus 2.5%, Nebius said.
Shares of the company were down 2.8% in Friday trading.
Price: $166.95, Change: $-4.83, Percent Change: -2.81%