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Nebius secures $3.5 billion Citi facility for AI infrastructure
Nebius Group has secured a $3.5 billion senior secured financing facility from Citi to support the continued expansion of its global AI
Nebius Group has secured a $3.5 billion senior secured financing facility from Citi to support the continued expansion of its global AI infrastructure footprint. The 364-day facility will provide additional capital for data center development, GPU procurement, and general corporate purposes as Nebius continues building out capacity for its AI cloud platform.
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Nebius secures $3.5 billion Citi facility for AI infrastructure
Nebius Group has secured a 364-day senior secured financing facility totaling $3.5 billion from Citi. The capital will be used for the procurement of GPUs and the development of new data centers to support its AI cloud platform. This move is part of a broader strategy to expand the company's global AI infrastructure footprint. The facility provides the necessary liquidity for rapid capacity scaling.