Nebius Group N.V. (NASDAQ:NBIS) is in the spotlight Monday following a busy week last week that included a major debt financing and a new business model to scale its AI cloud platform globally.
Nebius Raises $775M for AI Buildout
Nebius entered into its first senior secured debt facility for approximately $775 million to accelerate the global buildout of its full-stack AI cloud platform. The facility is backed by deployed GPU infrastructure and contracted cash flows from an investment-grade customer, matures October 31, 2030, and is priced at SOFR plus 2.50%. With more than $40 billion of additional contracted revenue already in place from customers including Microsoft and Meta, Nebius expects to raise more capital on similarly attractive terms. The deal was significantly oversubscribed and led by MUFG.
“This financing is an important step in that strategy, and reinforces our confidence that our disciplined, diversified approach… will enable us to build a sustainable AI cloud business with strong and durable margins,” said Ophir Nave, COO of Nebius.
The New Partnership Model
Separately, Nebius introduced a business model allowing infrastructure partners to deploy its AI cloud platform within their own data centers. Partners finance, own, and operate the facilities, while Nebius supplies its architecture, hardware design, and software stack, then brings the resulting capacity to market through its sales organization — expanding Nebius’ available capacity with minimal incremental capital.
“Our new asset-light model gives infrastructure partners a flexible way to benefit from the explosive growth of AI,” said Arkady Volozh, founder and CEO of Nebius.
Nebius Shares Rise
NBIS Price Action: At the time of publication, Nebius shares are trading 4.42% higher at $185.57, according to data from Benzinga Pro.
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