Nvidia-Backed Nebius Lands $775M Debt Deal to Fuel AI Expansion

Nebius, backed by Nvidia, has secured a $775 million debt deal to fund its AI infrastructure expansion. The loan is tied to revenue-generating assets already in operation and cash flows from an existing customer contract.

The financing structure allows Nebius to access growth capital without issuing new equity. The company has more than $40 billion in contracted revenue from investment-grade customers, including Microsoft and Meta Platforms.

Nebius is on track with its Microsoft capacity deployment and targets $22.5 billion in capital expenditures for 2026. The stock surged over 4% in morning trade, despite broader market weakness.