Nebius priced $2.75 billion of convertible notes and a $1 billion share offering on Sep 10, 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.

On Sep 10, 2025, Nebius priced $2.75 billion in original principal amount of convertible senior notes in a private offering and a $1 billion public offering of Class A ordinary shares at $92.50 a share. The notes came in two series of $1,375,000,000 each, 1.00% notes due 2030 and 2.75% notes due 2032, upsized from $2.0 billion in total, with an initial conversion price of about $138.75 per Class A share, a 50% premium to the $92.50 offering price of the share offering. Nebius said it intended to use the net proceeds of both offerings to finance the continuing growth of its business, including buying more compute power and hardware, securing land plots and expanding its data center footprint, and for general corporate purposes. The company furnished the press releases and the underwriting agreement in a Form 6-K, a foreign company's report to the SEC, filed on Sep 12, 2025.1^,2^,3^,4^,5^,6^,7^,8^,9^,10