ChipsThe Next Webabout 2 hours ago
Nebius raises $775M in GPU-backed debt
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Nebius raised $775 million in its first secured debt facility, borrowing against deployed GPU infrastructure and contracted cash flows. The facility matures in 2030 at SOFR plus 2.50%. With over $40 billion in additional contracts from Microsoft and Meta, Nebius plans to repeat the structure at scale.
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