Nebius announced the facility on July 17, 2026. The debt matures on October 31, 2030 and is priced at the Secured Overnight Financing Rate plus 2.50 percentage points. The company plans to use the proceeds to add cloud capacity for AI-native companies and enterprise customers.
The key fact is that Nebius has secured approximately 775 million dollars against operating infrastructure and customer cash flows. Nebius said the facility, combined with cash flows from the relevant customer agreement, covers more than 100 percent of the capital expenditure required to deploy the underlying GPU infrastructure.
More than 40 billion dollars in contracted revenue supports expansion
Nebius said it has more than 40 billion dollars of additional contracted revenue from investment-grade customers, naming Microsoft and Meta. It also reported that the latest planned capacity tranche for Microsoft has been delivered and that remaining tranches are on schedule under the contracted timetable.
That customer visibility is central to the financing structure. Instead of borrowing only against a general corporate balance sheet, Nebius is using deployed GPU assets and contracted payments to support the facility. The company describes the arrangement as a repeatable framework for financing other long-term customer deployments.
Nebius serves startups and enterprises building AI products, agents and services. Its platform covers infrastructure and software layers including compute, storage, networking, model operations, inference and orchestration. The group is listed on Nasdaq and headquartered in Amsterdam.
Ten financial institutions join an oversubscribed AI infrastructure facility
MUFG led the facility as structuring agent, sole bookrunner and underwriter. ABN AMRO, Bank of America, Deutsche Bank and HSBC joined MUFG as mandated lead arrangers. Citi, Crédit Agricole CIB, ING and Morgan Stanley acted as senior lead arrangers, while Goldman Sachs also participated. Nebius said the transaction was significantly oversubscribed.
The structure demonstrates how long-term cloud contracts and operating GPU fleets can support asset-level financing when lenders have visibility into customers, infrastructure and cash flows. The arrangement gives Nebius a capital source alongside its other corporate funding options.
Analysis: contracted demand can turn compute into financeable infrastructure
Editorial analysis: For founders and investors, the transaction shows that customer quality and contract design can materially affect the cost of growth. An AI infrastructure company with long-duration commitments may finance expansion more efficiently than one buying GPUs ahead of uncertain demand. The opportunity is to align capacity additions with committed usage and protect equity holders from unnecessary dilution.
More information
Source and more information: Nebius Newsroom