Nebius Group Raises $4.34 Billion in Private Placement of Convertible Notes
MT Newswires Live
Yesterday
Nebius Group (NBIS) said Monday it closed a private offering of convertible senior notes for gross proceeds of about $4.34 billion so far.
The offering comprises 1.25% notes due 2031 and 2.625% notes due 2033.
The initial purchaser fully exercised its option to buy an additional $337.5 million of 2031 notes. The initial purchaser continues to have an overallotment option to buy up to an additional $262.5 million of the 2033 notes.
The company said it plans to use the net proceeds to finance expenditures related to the construction and build-out of its data centers, among other things.
Nebius shares were down 2.8% in premarket activity.
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