- Nebius secured a $775 million senior secured debt facility backed by GPU hardware and customer contract cash flows.
- The loan allows the company to fund AI infrastructure expansion without issuing new equity.
- Nebius holds over $40 billion in contracted revenue from investment-grade clients like Microsoft and Meta Platforms.
NVIDIA-backed Nebius saw its stock jump over 4% in morning trading Friday after announcing its first-ever $775 million senior secured debt facility. The loan is backed by GPU hardware already deployed in its data centers and cash flows from an existing customer contract.
The financing structure converts existing infrastructure into fresh growth capital without issuing new equity. Nebius noted it has more than $40 billion in contracted revenue from investment-grade customers, including Microsoft and Meta Platforms.
Consequently, the company remains on schedule with its Microsoft capacity deployment while targeting roughly $22.5 billion in capital expenditures during 2026. Retail sentiment on Stocktwits jumped to ‘extremely bullish’ from ‘bullish,’ with chatter surging over 150% in the last day.
One trader pointed to the roughly 42% pullback from Nebius‘s nearly $300 high, noting that corrections can create buying opportunities. Another retail investor called it a chance to “buy low” and “buy the fear if fundamentals haven’t changed.”
Meanwhile, the broader market traded lower, with the SPDR S&P 500 ETF down 0.84% and the Invesco QQQ Trust dropping over 1.7%. Nebius joins rival CoreWeave, which closed an $8.5 billion delayed-draw term loan earlier this year, in leaning on asset-backed debt for GPU buildouts.
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