NEBIUS stock surged 5.09% during intraday trading on Friday, marking a significant upward movement for the AI cloud infrastructure provider.
The sharp rise appears to be driven by the company's announcement that it secured approximately $775 million in its first senior secured debt facility. This financing is intended to accelerate the global buildout of its artificial intelligence cloud platform, providing substantial capital for expansion without diluting existing shareholders.
The debt facility is backed by deployed GPU infrastructure and contracted cash flows tied to an investment-grade customer agreement, with the financing expected to cover more than 100% of the capital expenditure needed to deploy the underlying GPU infrastructure. The facility matures in October 2030 and is priced at SOFR plus 2.5%.
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