Exchange of US$800 million in convertible notes for shares
Company: Nebius
The claim, verbatim
The company entered into privately negotiated exchange agreements with holders of existing 2% convertible senior notes due 2029 and 3% convertible senior notes due 2031, exchanging a total of US$800 million original principal amount for approximately 15.8 million Class A ordinary shares.
Source (primary)
Latham Advises on Nebius Group’s Upsized US$5.75 Billion Convertible Senior Notes Offering - Legal Desire (-, news_article)
View cached copy (2026-09-03)Live source ↗Archive.org ↗
Quote: “the company also announced entering into privately negotiated exchange agreements with a limited number of holders of its previously issued 2% convertible senior notes due 2029 and 3% convertible senior notes due 2031, to exchange a total of US$800 million original principal amount of such existing notes for an aggregate of approximately 15.8 million of its Class A ordinary shares”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The article states that Nebius Group entered into privately negotiated agreements with a limited number of holders to exchange US$800 million of its 2029 and 2031 convertible notes. The exchange was for about 15.8 million Class A ordinary shares, matching every part of the claim.
Confirmed in the source:
- Nebius Group entered into privately negotiated exchange agreements with holders of its existing convertible notes
- The existing notes were its 2% convertible senior notes due 2029 and 3% convertible senior notes due 2031
- A total of US$800 million original principal amount of the existing notes was to be exchanged
- The notes were to be exchanged for approximately 15.8 million Class A ordinary shares
What we did: Read our cached copy of the publisher (https://legaldesire.com/latham-advises-on-nebius-groups-upsized-us5-75-billion-convertible-senior-notes-offering/) in full (4,844 characters, retrieved September 3, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Latham Advises on Nebius Group’s Upsized US$5.75 Billion Convertible Senior Notes Offering - Legal Desire
Quote: “the company also announced entering into privately negotiated exchange agreements with a limited number of holders of its previously issued 2% convertible senior notes due 2029 and 3% convertible senior notes due 2031, to exchange a total of US$800 million original principal amount of such existing notes for an aggregate of approximately 15.8 million of its Class A ordinary shares”