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Nebius Secures $3.5 Billion Senior Secured Bridge Loan from Citi

Blockspace ·

NBIS Nebius Group NV
$159.17 -7.23%
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  1. 1Data center operator Nebius disclosed a $3.5 billion senior secured bridge loan from Citi.
  2. 2The loan has a 364-day term and matures on October 16, 2027.
  3. 3Chief Operating Officer Ophir Naive described the Citi loan as short-term construction capital.

So what's the key point?

Nebius has agreed to borrow $3.5 billion from Citi. This money will be used as funds needed for building facilities.

Source Blockspace · View original ↗

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