Nvidia-backed artificial intelligence (AI) infrastructure company Nebius Group N.V. has secured $1 billion in debt financing to expand global AI infrastructure, including Asia.
Nebius said in a statement on Monday that it has entered into definitive agreements for a private placement of senior unsecured convertible notes in an aggregate principal amount of $1 billion, in two tranches.
The placement involves $500 million aggregate principal amount of 2 percent convertible notes due 2029, and $500 million aggregate principal amount of 3 percent convertible notes due 2031.
The company intends to use the net proceeds of the issuance of the notes to finance the continuing growth of its business, including the acquisition of additional compute power, the expansion of its data center footprint, and for general corporate purposes.
“We are pleased to have successfully raised $1 billion in convertible notes, which marks another major milestone and underscores the deep conviction of the investment community in our business,
“Since our $700 million equity financing in December 2024, we have been scaling rapidly and expanding our global AI infrastructure footprint,” said Arkady Volozh, Founder and Chief Executive Officer of Nebius.
According to him, the fresh capital the firm is raising now gives it more firepower to go faster, paving the way for increased revenue opportunities in 2026 and further accelerating the firm toward its medium-term target of mid-single-digit billions of dollars in revenue as a high-margin business, with potential upside.
He also noted that building foundational AI infrastructure is a capital-intensive business.
In addition to access to the capital markets, he said the firm is fortunate to have non-core assets and equity stakes with significant growth profiles that can be used to support the future funding requirements of its core business.
He also highlighted that the firm’s strong balance sheet and low interest burden will allow revenue growth to translate efficiently into bottom-line results and to be reinvested into its core business.
“These are important competitive differentiators for us as it should enable us to deploy billions of additional capital to support our plans for hypergrowth, while remaining disciplined on leverage and minimizing shareholder dilution,
“We are grateful for the continued support of our investors, who understand the scale of what we’re building and the substantial market opportunity we can capture,” he added.
Nebius is a technology company building full-stack infrastructure to service the explosive growth of the global AI industry, including large-scale GPU clusters, an AI-native cloud platform, and tools and services for developers.
Headquartered in Amsterdam and listed on Nasdaq, the Company has a global footprint with research and development (R&D) hubs across Europe, North America and Israel.
The firm also operates additional businesses under their own distinctive brands: Avride, an autonomous driving technology for self-driving cars and delivery robots; TripleTen, an edtech player in the U.S.
Nebius also holds equity stakes in other businesses including ClickHouse and Toloka, an AI data solutions business.