Nebius agreed to place $1 billion of convertible notes on June 2, 2025

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

Nebius Group entered into subscription agreements on June 2, 2025 for a private placement of $1 billion of senior unsecured convertible notes, in two tranches: $500,000,000 of 2.00% notes due 2029 and $500,000,000 of 3.00% notes due 2031. Their initial conversion price was approximately $51.45 per Class A ordinary share, about 40% above the last reported sale price of $36.75 on May 30, 2025. The company said it intended to use the net proceeds for the continuing growth of its business, including more compute power and a larger data center footprint. The terms are set out in a Form 6-K, a foreign company's report to the SEC, filed on June 2, 2025.1^,2^,3^,4^,5^,6^,7