2031 convertible notes maturity obligation
Company: Nebius
The claim, verbatim
$500 million of 2031 convertible notes will mature on June 5, 2031, with accreted principal amount of approximately $625 million due
Source (primary)
Nebius 6-K filed 2025-06-02 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Notes will mature on June 5, 2029 and June 5, 2031, respectively... The Accreted Principal Amount shall be calculated in accordance with an accretion schedule included in the respective Indentures, such that it reaches 125% of the original principal amount of the 2031 Notes on the respective maturity dates”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing gives the June 5, 2031 maturity and states the accreted principal reaches 125% of the $500 million original principal, which is $625 million, absent earlier conversion, redemption or repurchase.
Confirmed in the source:
- The 2031 notes total $500 million in original principal
- The 2031 notes mature on June 5, 2031, unless earlier redeemed, repurchased or converted
- The Accreted Principal Amount is payable at maturity
- The accreted principal reaches 125% of original principal at maturity, which equals $625 million on $500 million
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1513845/000110465925055197/tm2516825d1_6k.htm) in full (10,615 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Nebius 6-K filed 2025-06-02
Quote: “The Notes will mature on June 5, 2029 and June 5, 2031, respectively... The Accreted Principal Amount shall be calculated in accordance with an accretion schedule included in the respective Indentures, such that it reaches 125% of the original principal amount of the 2031 Notes on the respective maturity dates”