Nebius Gets $3.5 Billion Citi Facility for Data Center Growth

Nvidia-backed Nebius secures $3.5 billion in Citi financing to expand AI data centers and GPU capacity - Tech Startups

The AI cloud provider secures fresh financing to accelerate its global expansion, supported by more than $40 billion in long-term customer contracts. Nvidia-backed AI cloud provider Nebius Group has secured a $3.5 billion financing facility from Citigroup to build more […] The post Nvidia-backed Nebius secures $3.5 billion in Citi financing to expand AI data centers and GPU capacity first appeared on Tech Startups.

Nebius gets $3.5 billion Citi facility for data center growth

Nebius lands $3.5 billion credit facility from Citi to fuel AI build-out

Nebius secures a $3.5 billion senior secured credit facility from Citi to fund AI data centers and GPU purchases, backed by $40B+ in contracts.

Nebius secures $3.5 billion financing facility with Citi

AMSTERDAM--(BUSINESS WIRE)--Nebius Group N.V. (Nasdaq: NBIS), the AI cloud company, today announced that it has entered into a $3.5 billion senior secured facility provided by Citi. The facility provides access to capital at attractive rates to support Nebius’s global capacity build-out, and advances the company’s diversified and sequenced funding strategy. It complements a funding base that includes customer prepayments and operating cash flows…