Nebius (NBIS) intends to raise about $3.75B in convertible debt to use for its data center expansion and to purchase customized chips, and plans to offer the notes in two series, at $2B due in 2031 and $1.75B in 2033, Bloomberg’s Mark Bergen and Bailey Lipschultz report. Nebius, which announced a commercial deal with Meta (META) this week, will use the funds for its data center expansion and to purchase customized chips, according to the report.
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