Compute · the Ledger · Loan against chips
Nebius closes ~$3.16B of convertible notes plus a $1.0B share offering to fund its buildout
Completed · announced 10 Sept 2025 · the week to 12 Sept 2025
- Size
- $3.16B
Notes only: ~$1.58B of 1.00% notes due 2030 and ~$1.58B of 2.75% notes due 2032. The concurrent 10,810,811-share offering at $92.50 (~$1.0B) brought gross proceeds to ~$4.2B.
The parties
- Nebiuscompany pageBorrower
The source
Nebius 6-K Ex. 99.1, 2025-09-15Regulatory filing
Unsecured. Nebius said it would finance the Microsoft contract with contract cash flows plus debt secured against the contract.
The same parties, other deals
- Nebius signs a $3.5B senior secured 364-day bridge facility with Citibank to finance GPU infrastructure buildout$3.5B · 22 Oct 2026
- 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
- Microsoft contracts Nebius for dedicated GPU capacity at Vineland, New Jersey: ~$17.4B through 2031, up to ~$19.4B$17.4B · 8 Sept 2025