Use of proceeds from $3.5B Citi facility
Company: Nebius
The claim, verbatim
Proceeds from the facility will be used for data center development, GPU procurement and general corporate purposes.
Source (primary)
Nebius Group Secures $3.5 Billion Senior Secured Facility With Citi - Yahoo Finance (-, news_article)
View cached copy (2026-10-23)Live source ↗Archive.org ↗
Quote: “The proceeds will be used for data center development, GPU procurement and general corporate purposes”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Nebius Group Secures $3.5 Billion Senior Secured Facility With Citi - Yahoo Finance
Quote: “The proceeds will be used for data center development, GPU procurement and general corporate purposes”
confirms Nebius secures $3.5 billion financing facility with Citi - Nebius
Quote: “The proceeds will be used for data center development and GPU procurement, as well as for general corporate purposes.”