Nebius enters $3.5 billion senior secured Citi facility
Nebius Group N.V. entered into a $3.5 billion senior secured financing facility provided by Citi. The 364-day facility initially bears interest at Term SOFR plus 2.75% per annum, with the stated pricing increasing up to a maximum of 3.50% per annum and remaining subject to other adjustments. Proceeds are designated for data center development, GPU procurement and general corporate purposes, and Citi is the mandated lead arranger, agent and security agent.
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