Nebius closed its convertible notes offering with gross proceeds of about $4.3 billion

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.

In a press release datelined Amsterdam, Mar 20, 2026, Nebius Group announced the closing of its private offering of convertible senior notes, with aggregate gross proceeds of approximately $4.3 billion. The initial purchaser exercised in full its option to buy an additional $337.5 million of 2031 notes, bringing the aggregate original principal amount, as of the release, to $2.5875 billion for the 2031 notes, $1.75 billion for the 2033 notes and $4.3375 billion in total. Nebius said it intended to use the net proceeds for data center construction and build-out, AI cloud investments, the expansion of its data center footprint, the procurement of key components, including GPUs, and general corporate purposes. The announcement was furnished to the SEC in a Form 6-K, a foreign company’s report, filed on Mar 20, 2026, whose exhibit index also lists the indentures for the 2031 and 2033 notes, dated Mar 20, 2026, between Nebius Group and U.S. Bank Trust Company, National Association, as trustee.1^,2^,3^,4^,5^,6^,7^,8^,9