Nebius gets $3.5 billion Citi facility for data center growth
Nebius has successfully acquired a substantial $3.5 billion financing facility from Citi, aimed at expanding its operations. This crucial funding will enable the growth of its data centers and facilitate GPU procurement, which are vital for its progress. This development is particularly noteworthy given the recent downturn in AI infrastructure shares, with the initial interest rate set at 2.75% over SOFR and a maturity period of 364 days.
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