Nebius Plans to Raise $3.75 Billion in Debt After Meta Deal
A Nebius Group NV data center.
Photographer: Markus Pentikäinen/Nebius Group NV
Artificial intelligence data center developer Nebius Group NV said it intends to raise about $3.75 billion in convertible debt on the heels of a commercial deal with Meta Platforms Inc.
The Amsterdam-based company plans to offer the notes in two series, at $2 billion due in 2031 and $1.75 billion in 2033, Nebius said in a statement on Tuesday. It said it will use the funds for its data center expansion and to purchase customized chips.