Nebius secures $3.5 billion financing facility with Citi
Business Wire•22/10/2026•07:00 ET
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Key Highlights
- ➤Nebius secures $3.5 billion senior secured facility from Citi
- ➤Facility matures in 364 days and initially bears Term SOFR plus 2.75%
- ➤Proceeds fund data center development, GPU procurement, and general corporate purposes
- ➤Nebius cites more than $40 billion in long-term customer contracts supporting future financing
Expert Statements
Ophir Nave, Chief Operating Officer of Nebius
“We continue to execute our funding strategy as planned, and are pleased to have secured this financing from a leading global financial institution. This is a result of our disciplined approach to managing our balance sheet to fund our portfolio of projects, and once again demonstrates our ability to choose when and how we raise capital to support our growth.”
Ophir Nave, Chief Operating Officer of Nebius
“Sequencing our financing is how we optimize our long-term cost of capital. This facility provides additional financing to support our near-term capacity build-out. We still have a range of capital sources available to us to finance the next phase of growth, including asset-backed financing based on investment-grade customer commitments of more than $40 billion of long-term contracts.”
* Marks next step in Nebius’s strategy to fund global capacity build-out on attractive terms
Advances diversified capital structure built on a disciplined balance sheet
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