🇳🇱Nebius’s facility matures October 16, 2027, includes a minimum-liquidity covenant, and pledges substantially all borrower assets, subject to exceptions.

The facility’s contractual maturity is October 16, 2027. Borrowers may voluntarily prepay loans without a premium or penalty, according to the Form 6-K.

The agreement includes a minimum-liquidity financial covenant, alongside other affirmative and negative covenants subject to exceptions. It also contains customary events of default subject to grace periods and thresholds; the supplied filing excerpt does not specify the minimum-liquidity amount.

Security interests cover substantially all assets of each borrower, including all shares of Nebius Inc. and Nebius B.V. held by Nebius Group N.V. The collateral package is subject to exclusions for certain assets and permitted liens, so it should not be described as an unconditional pledge of every asset.

These terms are disclosed directly in the Form 6-K, which also identifies an attached press release announcing the signing. The supplied description concerns secured borrowing and does not specify equity issuance or conversion terms.