Nebius Group Prices $2.75 Billion Convertible Senior Notes Offering

Nebius Group N.V., an AI infrastructure company, has announced the pricing for its upsized private offering of $2.75 billion in convertible senior notes. The offering, targeting qualified institutional buyers, includes two series: 1.00% notes due 2030 and 2.75% notes due 2032, each valued at $1.375 billion. Initially planned at $2 billion, the offering was increased due to demand. Settlement is expected by September 15, 2025, subject to customary conditions.

Concurrent with this, Nebius is also offering $1 billion in Class A shares, with an additional $150 million available for purchase. Expected net proceeds from both offerings are directed towards expanding Nebius's business operations, including acquiring compute power and expanding data centers. The notes hold specific conversion rates, maturing in 2030 and 2032, with terms outlined in agreements with U.S. Bank Trust.