Nebius Group N.V., an Amsterdam-based AI cloud company listed on Nasdaq, said on October 22 that it had secured a US$3.5 billion senior secured facility from Citi.

The company said the funding will support data center development, graphics processing unit procurement, and general corporate purposes.

The 364-day facility carries annual interest at Term SOFR plus 2.75% initially, rising to a maximum of 3.50%, subject to other adjustments.

Nebius said the facility complements customer prepayments and operating cash flows.

It also said asset-backed financing remains an option, backed by more than US$40 billion in investment-grade, long-term customer commitments.

Nebius also announced plans for up to 300 MW at a New Jersey data center and highlighted its presence in Independence, Missouri.

CoreWeave also announced financing facilities in 2026 worth US$8.5 billion and US$2.6 billion.

🔗 Source: Nebius Group N.V.

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