🇳🇱Nebius (NBIS) signed a $3.5 billion senior secured loan facility with Citibank to finance GPU infrastructure and general corporate purposes.

Nebius’s October 22 Form 6-K states that the borrowers entered into the Bridge Facility Agreement on October 17, 2026. The agreement provides a senior secured term-loan facility with an aggregate principal amount of $3.5 billion; the supplied disclosure does not state how much had been drawn.

The borrowers are Nebius Group N.V., Nebius Inc., and Nebius B.V. Citibank, N.A. serves as mandated lead arranger and lender, with certain affiliates acting as agent and security agent.

The stated purposes are financing the buildout of the borrowers’ graphics processing unit (GPU) infrastructure capacity and other general corporate purposes. The filing does not allocate proceeds among particular sites, GPU models, or deployment schedules.

Borrowings bear interest at the Term Secured Overnight Financing Rate (SOFR) plus a margin initially set at 2.75% per annum. The margin increases by 0.25 percentage point for each 90-day period after October 17, 2026, up to 3.50% per annum, subject to other adjustments.