Ophir Nave

Money Moves

Says the Citi facility covers near-term capacity while asset-backed financing remains available

Nebius Group signed a $3.5 billion secured loan with Citi on October 22 to pay for data centers and GPUs. The facility matures October 16, 2027, and its rate starts at 2.75 percentage points over the Term SOFR benchmark, rising 0.25 points every 90 days to a cap of 3.50.

Updated Oct 23