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← Nebius
Mon, Aug 24, 2026

Nebius closes $5.75 billion of convertible senior notes

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Key points

  • Closed the private offering at aggregate gross proceeds of approximately $5.75 billion, after the initial purchasers exercised in full their options for an additional $450 million of the 2030 notes and $300 million of the 2034 notes. Final size: $3.45 billion of 0.50% convertible notes due 2030 and $2.30 billion of 4.50% convertible notes due 2034, against the $5.0 billion priced on 19 August. Estimated net proceeds approximately $5.68 billion, the pricing-date full-exercise estimate; no post-closing restatement was published. Settling concurrently, privately negotiated exchanges of $400 million of 2.00% notes due 2029 and $400 million of 3.00% notes due 2031 for approximately 15.8 million Class A shares.