Nebius Group says it has entered into a $3.5 billion senior secured financing facility provided by Citi. The company plans to use the funding to support its global capacity build-out.
Nebius says the facility complements customer prepayments and operating cash flows, alongside other financing mechanisms. The announcement does not specify the facility’s terms or when funds will be drawn.
Why it matters
For customers relying on Nebius’s AI cloud, the financing may support expanded capacity, but the announcement does not say where or when that capacity will become available.
