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Nebius signs $3.5 billion secured financing facility with Citi

Nebius says it entered a $3.5 billion senior secured facility arranged by Citi to support data center and GPU procurement. The 364-day facility initially bears Term SOFR plus 2.75% interest, with specified increases and adjustments. This is debt capacity, not a $3.5 billion equity round, company valuation, or proof the planned capacity is built.

Primary source · Nebius · October 22, 2026

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