Compute / the Ledger · 1 deal
Who is paying whom for compute.
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Deals with Citibank as a party. Citibank’s page · Show every party
| Announced | Deal | Parties | Type | Value | Terms | Source |
|---|---|---|---|---|---|---|
| 22 Oct 2026 | Nebius signs a $3.5B senior secured 364-day bridge facility with Citibank to finance GPU infrastructure buildoutSignedSigned 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. | Loan against chips | $3.5B$3.5B senior secured term loan facility (Bridge Facility Agreement) | 1 year · to 17 Oct 2027 | Nebius 6-K, 2026-10-22 (Ex. 99.1 press release)Regulatory filing |
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