$3.5B senior secured bridge loan from Citi
Company: Nebius
The claim, verbatim
Nebius signed a $3.5 billion senior secured bridge loan from Citi to fund GPU procurement and data center construction, priced at term SOFR plus 275 bps (rising 25 bps per 90-day period, capped at 350 bps), maturing October 16, 2027, prepayable without penalty, with a minimum liquidity covenant.
Source (primary)
Nebius signs $3.5 billion senior secured bridge loan with Citi - Yahoo Finance (-, news_article)
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Quote: “disclosed Thursday a $3.5 billion senior secured bridge loan from Citi to fund GPU procurement and data center construction. The loan carries an initial rate of term SOFR plus 275 bps and matures October 16, 2027”
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Additional evidence
confirms Nebius signs $3.5 billion senior secured bridge loan with Citi - Yahoo Finance
Quote: “disclosed Thursday a $3.5 billion senior secured bridge loan from Citi to fund GPU procurement and data center construction. The loan carries an initial rate of term SOFR plus 275 bps and matures October 16, 2027”