Nebius Group N.V. (NBIS) has secured a senior secured debt facility of approximately $775 million to enhance its AI infrastructure and increase compute capacity. This financing, maturing in 2030 and at an interest rate of SOFR+2.5%, is notable as it is backed by deployed GPU infrastructure and contracted cash flows from investment-grade customers, allowing Nebius to reduce its reliance on equity financing.
Key partners include Microsoft, which generated over $40 billion in contracted revenue with Nebius. This collaboration highlights Nebius’ ability to deliver large-scale AI infrastructure projects. Competitively, Nebius faces rivals like CoreWeave, which secured an $8.5 billion delayed draw term loan facility in April to support its AI expansion.
As of year-to-date, NBIS shares have surged 118.2%, contrasting with the 12.4% growth in the broader Internet – Software and Services industry. The Zacks Consensus Estimate for NBIS’ earnings has been revised upward in the last two months, giving the stock a Zacks Rank of #1 (Strong Buy).
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