Nebius Group Announces $3.75 Billion Convertible Notes Offering

Nebius Group (NBIS), an AI infrastructure firm, announced its intention to offer $3.75 billion in convertible senior notes on Tuesday.

This offering is divided into two parts: $2 billion due in 2031 and $1.75 billion due in 2033.

The proposed offering comprises two distinct tranches of convertible senior notes. The first portion, valued at $2 billion, is set to mature in the year 2031. The second part of the offering totals $1.75 billion, with its maturity scheduled for 2033.

Market Reacts with Share Decline

Following the announcement of the convertible senior notes offering, shares of Nebius Group experienced a notable dip in premarket trading. The company's stock declined by over 6%.