AI cloud provider Nebius Group (NBIS.O) said on Wednesday it plans to raise $4.5 billion through an offering of private convertible notes, as it seeks to ramp up investments in data centers and computing capacity.
The Amsterdam-headquartered company plans to issue notes worth $2.75 billion maturing in 2030, and notes worth $1.75 billion maturing in 2034. It may also sell an additional $375 million of the 2030 notes and $300 million of the 2034 notes if purchasers exercise their options, it said.
