Nebius upsizes debt sale to $5 billion to fund data centers, AI platform

The Amsterdam-headquartered company plans to ‌issue private ⁠convertible ⁠notes worth $3 billion maturing in 2030, and notes ​worth $2 billion maturing in 2034. It may also sell ​an additional $450 million of the 2030 notes and $300 million of the 2034 notes if ​purchasers exercise their options, it ⁠said.