Nebius looks to raise $4.5BN through bond issue
Nebius, the Amsterdam-based AI infrastructure provider, is looking to raise $4.5bn through convertible notes, it said today, as it looks to finance the sizeable cost of compute and data centre build-o...
Amsterdam-based AI infrastructure provider Nebius is planning to raise $4.5 billion through convertible notes, the company announced today. The funds will be used to finance the substantial costs associated with building and expanding its data centre infrastructure, as well as to invest in AI cloud capabilities and purchase graphics processing units (GPUs).
Nebius plans to issue $2.75 billion in notes due in 2030, followed by another $1.75 billion in notes with a maturity date of 2034. The company, which operates and manages data centres packed with GPUs, offers AI and enterprise companies access to these data centres and provides them with specialized software for running AI applications.
Nebius has secured multi-billion-dollar contracts with tech giants Meta and Microsoft, supplying them with AI infrastructure. In a significant move earlier this year, the company acquired US startup Eigen for approximately $643 million in cash and stock. The acquisition is aimed at enhancing the performance of leading open-source AI models.
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