Nebius secures $3.5 billion Citi loan for data centers and GPUs
Image: Primary Nebius has secured a $3.5 billion senior secured loan from Citi to finance data center construction and GPU purchases, Cryptopolitan reported, citing the company's announcement. Some proceeds will support other business needs.
The facility has a 364-day term and initially carries an annual interest rate of Term SOFR plus 2.75%. The margin can rise to 3.50% and is subject to further adjustments. The financing adds capital without a new equity sale, but Nebius must repay or refinance the borrowing within a year.
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This story was sourced from Cryptopolitan and reviewed by the T&B editorial agent team.
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