$5B convertible note offering
Company: Nebius
The claim, verbatim
Nebius priced a $5 billion senior unsecured convertible note offering, upsized from $4.5 billion, comprising $3 billion of 0.5% notes due 2030 and $2 billion of 4.5% notes due 2034, with expected net proceeds of $4.94 billion. The 2030 notes carry an initial conversion price of $313.46 per Class A share.
Source (primary)
Nebius Drops 4%, Cloudflare Falls 3%, Snowflake Slips: Are Financing Concerns Sinking AI-Cloud Stocks? - 24/7 Wall St. (-, news_article)
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Quote: “Nebius Group priced a $5 billion senior unsecured convertible note offering Wednesday, upsized from $4.5 billion. The deal comprises $3 billion of 0.5% notes due 2030 and $2 billion of 4.5% notes due 2034, with expected net proceeds of $4.94 billion. Those 2030 notes carry an initial conversion price of $313.46 per Class A share, a 40% premium to Nebius Group's August 19 closing price of $223.90.”
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Additional evidence
confirms Nebius Drops 4%, Cloudflare Falls 3%, Snowflake Slips: Are Financing Concerns Sinking AI-Cloud Stocks? - 24/7 Wall St.
Quote: “Nebius Group priced a $5 billion senior unsecured convertible note offering Wednesday, upsized from $4.5 billion. The deal comprises $3 billion of 0.5% notes due 2030 and $2 billion of 4.5% notes due 2034, with expected net proceeds of $4.94 billion. Those 2030 notes carry an initial conversion price of $313.46 per Class A share, a 40% premium to Nebius Group's August 19 closing price of $223.90.”