Nebius signs a $3.5B senior secured 364-day bridge facility with Citibank to finance GPU infrastructure buildout

The parties

• Nebiuscompany pageBorrower
• CitibankLender

The source

Nebius 6-K, 2026-10-22 (Ex. 99.1 press release)Regulatory filing

Signed 2026-10-17 by Nebius Group N.V., Nebius Inc. and Nebius B.V. as borrowers. Interest at Term SOFR plus a margin starting at 2.75% per annum, rising 0.25% for each 90-day period after 2026-10-17 to a maximum of 3.50% per annum (subject to other adjustments). Maturity October 16, 2027; prepayable without premium or penalty. Minimum liquidity covenant. Secured by substantially all of each borrower's assets, including the shares of the US and Dutch borrowers. Purpose: buildout of GPU infrastructure capacity, data center development and GPU procurement, and general corporate purposes. Citibank, N.A. is mandated lead arranger and lender; affiliates act as agent and security agent. The release cites investment-grade customer commitments of more than $40 billion of long-term contracts as a basis for possible later asset-backed financing.

The same parties, other deals

• Nebius acquires Inferize, an inference start-up, for its Token Factory platform; terms not disclosedundisclosed · 1 Oct 2026
• Nebius raises ~$775M senior secured debt backed by deployed GPUs and an investment-grade customer contract$775M · 17 Jul 2026
• Meta signs a five-year Nebius agreement: $12B of dedicated Vera Rubin capacity plus up to $15B of unsold-capacity purchases$12B · 16 Mar 2026
• Nvidia invests ~$2B in Nebius via a pre-funded warrant for 21,065,936 shares; Nebius targets >5 GW of Nvidia systems by 2030$2B · 11 Mar 2026
• Nebius closes ~$3.16B of convertible notes plus a $1.0B share offering to fund its buildout$3.16B · 10 Sept 2025
• Microsoft contracts Nebius for dedicated GPU capacity at Vineland, New Jersey: ~$17.4B through 2031, up to ~$19.4B$17.4B · 8 Sept 2025